HealthEquity
FSA QUIZ
Progress
1. Which of the following is NOT qualified to use your FSA dollars for?
*Cosmetic procedures are not qualified to use your FSA dollars for without a letter of medical necessity from your doctor.
*Cosmetic procedures are not qualified to use your FSA dollars for without a letter of medical necessity from your doctor.
2. You cannot use your FSA funds to pay for a medical expense incurred before your FSA was established.
*Medical expenses incurred prior to the establishment of your FSA cannot be paid using FSA funds.
*Medical expenses incurred prior to the establishment of your FSA cannot be paid using FSA funds.
3. I do not need to save my receipts after paying out-of-pocket for qualified medical expenses.
*Remember to save all receipts. The IRS requires that all FSA payments are verified as qualified medical expenses.
*Remember to save all receipts. The IRS requires that all FSA payments are verified as qualified medical expenses.
4. You can use your FSA to pay for expenses that aren’t covered by your health insurance.
*In addition to medical deductible expenses, your FSA can also be used to pay for dental and vision expenses.
*In addition to medical deductible expenses, your FSA can also be used to pay for dental and vision expenses.
5. An FSA can be used to pay for which of the following?
*Your FSA funds can be used for qualified expenses including medical, dental, and vision expenses.
*Your FSA funds can be used for qualified expenses including medical, dental, and vision expenses.
6. 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.
7. Which of the following products are a qualified medical expense to use your FSA dollars for:
*Over-the counter medicines and menstrual care products are qualified medical expenses that you can purchase with your FSA funds.
*Over-the counter medicines and menstrual care products are qualified medical expenses that you can purchase with your FSA funds.
8. Who determines what expenses your FSA can be used for?
*The IRS determines what expenses your FSA can be used for.
*The IRS determines what expenses your FSA can be used for.
9. Can I use my FSA for future medical care?
*Funds from an FSA must be paid only to reimburse you for qualified medical expenses incurred during your plan year.
*Funds from an FSA must be paid only to reimburse you for qualified medical expenses incurred during your plan year.
10. Which of the following is a qualified medical expense to spend your FSA dollars on?
*Acupuncture can be used to treat, cure, or prevent diseases and is eligible to use your FSA dollars for.
*Acupuncture can be used to treat, cure, or prevent diseases and is eligible to use your FSA dollars for.