
Module 5: Distributions
Quiz by Jody McNelis
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
23 questions
Show answers
- Q1Of the payment methods listed below, which one is NOT an available payment method for HSA members?CheckbookDebit CardOnline payment toolsIVR payment tools30s
- Q2Mr. Maloney wants to review details about processed debit card transactions, including such as the name of the merchant or provider. Of the options provided below, which method of reviewing debit card transactions is NOT available to him?In-person at their local bankBenefitWallet websiteAccount statementSpeaking with a representative30s
- Q3Mr. Jones called to report that his debit card won’t work. All of the following statements may be valid reasons EXCEPT which one?HSA has not been funded.Merchant code is not on the list of approved codes.Debit Card was activated.Daily limit has been exceeded with this transaction.30s
- Q4How can members with a BTS debit card change their PIN?Through the activation lineThrough the employerThrough the websiteBy visiting their local BTS representative30s
- Q5When a debit card is about to reach its expiration date, how does a member obtain a new debit card?Member must call or go online before the card expires to request a new debit card.Member will automatically receive a replacement debit card.Member must sign a new Master Signature Card and mail it in, requesting a replacement debit card.Debit cards don’t expire; the member can keep using the existing debit card.30s
- Q6Mrs. Robbins wants to add her husband’s name to her printed checks. Since that is not an option offered to members, what can you offer her instead?She may order checkbooks from an outside vendor, who will print anything she wants on the checks.She may designate a second signature on the checks to allow her husband to write checks on the account.She may speak to a supervisor, who has more discretion to approve her request.She may write his name next to her name on each check.30s
- Q7How much is the tax penalty for using HSA funds to pay for non-medical expenses?40%10%5%20%30s
- Q8How do members obtain a checkbook if they have never had one before?A member must complete and return the Master Signature Card, and fill in the box to request a checkbook.A member must order checkbooks from an outside vendor.A checkbook is automatically sent with the debit card to all new members.Checkbooks are not available to HSA members.30s
- Q9Jason tried to pay a $4,000.00 hospital bill with his BTS debit card and contacted us because the transaction was denied. He has $5,000.00 available in the account. Why can’t Jason pay this expense?The daily limit for debit card transactions is $3,000.00 and therefore the transaction was denied.He does not have enough funds in the account to pay the hospital.He is not able to pay a hospital bill with his debit card.The funds are available so he should go back to the hospital and have them try the transaction again.30s
- Q10Mrs. Hughes did not return the BTS Debit Card Fraud Affidavit form. What will happen to the provisional credit she was granted to her HSA based on the fraud claim?The bank will reverse the provisional credit from the account.Mrs. Hughey’s HSA will be frozen until she returns the provisional credit to the bank.The bank will sue Mrs. Hughes for the return of the provisional credit.The provisional credit will remain in the account, but will be considered taxable income.30s
- Q11Which THREE criteria listed below must be met for a debit card transaction to be approved at point of sale??Funds must be available in the account.; Member must sign for the transaction.; Member must be eligible to contribute to the HSA.Debit card must be activated.; Member must sign for the transaction.; Member must be eligible to contribute to the HSA.Transaction must be merchant code approved at point of service or sale.Member must sign for the transaction.; Member must be eligible to contribute to the HSA.Debit card must be activated.; Transaction must be merchant code approved at point of service or sale.; Funds must be available in the account.30s
- Q12Which item in the list below is NOT a requirement that must be met for an expense to be paid tax-free from the HSA?Expense is for the accountholder or tax-qualified dependent.Expense is covered under your HDHP medical coverage.Expense is for a qualified medical expense as defined by the IRS.Expense occurs on or after the establishment of the HSA.30s
- Q13Where can a member find official information about what is considered a Qualified Medical Expense for HSA purposes?Medicare and You HandbookIRS Publication 502IRS Publication 503Social Security Administration website30s
- Q14Who is responsible for substantiating that an expense paid from the HSA counts as a Qualified Medical Expense?BenefitWalletThe Health PlanThe memberThe provider30s
- Q15To meet the definition of a QME, when must the expense have occurred?After HDHP coverage has endedOn or after the coverage effective date of the HDHPAfter contributions to the HSA meet the annual limitOn or after the establishment date of the HSA30s