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Exam (elaborations)

FSA / HRA / HSA Exam UPDATED QUESTIONS AND CORRECT ANSWERS

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FSA / HRA / HSA Exam UPDATED QUESTIONS AND CORRECT ANSWERS What is the major rule for FSAs? - CORRECT ANSWER What is an HRA? - CORRECT ANSWER Use-it-or-lose-it. Employer-funded reimbursement account that may allow rollover. What type of plan is required for an HSA? - CORRECT ANSWER plan (HDHP).

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FSA / HRA / HSA Exam UPDATED
QUESTIONS AND CORRECT ANSWERS
What is the major rule for FSAs? - CORRECT ANSWER Use-it-or-lose-it.



What is an HRA? - CORRECT ANSWER Employer-funded reimbursement account that may
allow rollover.



What type of plan is required for an HSA? - CORRECT ANSWER A high deductible health
plan (HDHP).



What happens to nonmedical HSA withdrawals before age 65? - CORRECT ANSWER Taxes
plus a 20% penalty.
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  • fsa hra hsa exam
  • fsa
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