HealthEquity
HSA QME QUIZ
Progress
1. Which of the following is NOT qualified to use your HSA dollars for?
*Cosmetic procedures are not qualified to use your HSA dollars for without a letter of medical necessity from your doctor.
*Cosmetic procedures are not qualified to use your HSA dollars for without a letter of medical necessity from your doctor.
2. You cannot use your HSA funds to pay for a medical expense incurred before your HSA-powered health plan became effective.
*Medical expenses incurred prior to your HSA-powered health plan cannot be paid using HSA funds.
*Medical expenses incurred prior to your HSA-powered health plan cannot be paid using HSA funds.
3. Are over-the-counter (OTC) medications qualified to use your HSA funds for?
*For eligible expenses incurred on or after January 1, 2020, members may use health account funds to pay for qualified over-the-counter (OTC) medicines and drugs without needing a prescription.
*For eligible expenses incurred on or after January 1, 2020, members may use health account funds to pay for qualified over-the-counter (OTC) medicines and drugs without needing a prescription.
4. You can use your HSA to pay for expenses that aren’t covered by your health insurance.
*In addition to medical deductible expenses, your HSA can also be used to pay for dental and vision expenses.
*In addition to medical deductible expenses, your HSA can also be used to pay for dental and vision expenses.
5. Which of the following is NOT a qualified medical expense to use your HSA dollars for?
*For eligible expenses incurred on or after January 1, 2020, members may use health account funds to pay for qualified over-the-counter (OTC) medicines and drugs without needing a prescription.
*For eligible expenses incurred on or after January 1, 2020, members may use health account funds to pay for qualified over-the-counter (OTC) medicines and drugs without needing a prescription.
6. By paying for qualified medical expenses out-of-pocket and saving your receipts, you can reimburse yourself at any time in the future to pay for a trip or new car with no penalties.
*There is no deadline to reimburse yourself for a medical expense that you have paid out-of-pocket. Make sure you save all documentation, including receipts and EOBs.
*There is no deadline to reimburse yourself for a medical expense that you have paid out-of-pocket. Make sure you save all documentation, including receipts and EOBs.
7. Generally, a medical expense is considered qualified when it includes the cost of diagnosing, curing, treating or preventing a medical condition.
*A qualified medical expense includes the diagnosing, curing, treating or preventing of a medical condition.
*A qualified medical expense includes the diagnosing, curing, treating or preventing of a medical condition.
8. Which types of premiums can you use your HSA to pay for?
*Your HSA can pay for long-term care insurance premiums, COBRA premiums, Medicare premiums, and the premiums for insurance while you are receiving unemployment.
*Your HSA can pay for long-term care insurance premiums, COBRA premiums, Medicare premiums, and the premiums for insurance while you are receiving unemployment.
9. Who determines what expenses your HSA can be used for?
*The IRS determines what expenses your HSA can be used for.
*The IRS determines what expenses your HSA can be used for.
10. Which of the following is a qualified medical expense to spend your HSA dollars on?
*Acupuncture can be used to treat, cure, or prevent diseases and is eligible to use your HSA dollars for.
*Acupuncture can be used to treat, cure, or prevent diseases and is eligible to use your HSA dollars for.