How well do you know HSAs? Test your knowledge of HSA topics with this quiz. Question Title * 1. An individual must have earned income to be eligible to open an HSA. True False Question Title * 2. A client has a flexible spending arrangement (FSA) with her previous employer and had to use those funds by the end of the calendar year. When must her HSA assets be spent down by paying for qualified medical expenses? By the end of the year in which the expenses occurred By the end of the year after the year in which the expenses occurred At any time after the expenses occurred By the end of the fifth year after the expenses occurred Question Title * 3. At what age can assets be withdrawn from an HSA without penalty if not used for qualified medical expenses? Age 72 Age 65 Age 55 Age 50 Question Title * 4. An HSA owner may transfer or roll over his HSA assets to his spouse’s HSA. True False Question Title * 5. Which of the following is not considered an HSA qualified medical expense? An eye exam Menstrual care products Nonprescription over-the-counter medications A guide dog or other service animal Nutritional supplements Travel, lodging, and meals related to receiving medical services elsewhere Next
