FBA Foundations 101 Frog Jump

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Questions are based on FBA Foundations 101

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Teri Training

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Froggy Jumps FBA Foundations 101 Frog JumpVersión en línea Questions are based on FBA Foundations 101 por Teri Training 1 What does FBA stand for? a Fringe Bank Account b Fridge Benefit Account c Fringe Benefit Administration 2 Which of the three is NOT a FBA plan? a FSA (Flexible Spending Account) b HHA (Health Healing Account) c HRA (Health Reimbursement Arrangement) 3 What is NOT another term for Section 125 a Dependent Care Plan b Premium Only Plan c Cafeteria Plan 4 Choose the best definition of what an FSA plan is: a Allows employees to change their plans all year. b Allows employees to set aside pre-tax dollars to pay for out-of-pocket medical expenses. c Allows employees to set aside money for their stuff. 5 What type of expenses does a Limited Spending Account cover? a Dental and Vision only b Medical and Dental only c Medical and Vision only 6 What type of expenses does the Dependent Care FSA Account cover? a Child Care Expenses b Preschool Expenses c Both A & B 7 What is a Runout? a The timeframe participants can file for expenses incurred during the previous plan year. b The timeframe participants can claim receipts for that year. c Where funds can be rolled over to next year. 8 Which of these options wouldn't be allowed with an HSA? a Funds are yours until used up. b Funds can be matched by the employer. c The plan can be used with a PPO plan. 9 Which of these options wouldn't be allowed with an HRA? a Funds are 100% employer funded. b Funds can be invested. c The plan is built by the employer. 10 What is the Uniform Coverage Rule? a 100% of the funds are available on the first day of the plan year. b A limit of the amount for each claim set by the employer. c The plan renews automatically each year unless the EE stops the plan.

Froggy Jumps

FBA Foundations 101 Frog JumpVersión en línea

Questions are based on FBA Foundations 101

por Teri Training

What does FBA stand for?

Fringe Bank Account

Fridge Benefit Account

Fringe Benefit Administration

Which of the three is NOT a FBA plan?

FSA (Flexible Spending Account)

HHA (Health Healing Account)

HRA (Health Reimbursement Arrangement)

What is NOT another term for Section 125

Dependent Care Plan

Premium Only Plan

Cafeteria Plan

Choose the best definition of what an FSA plan is:

Allows employees to change their plans all year.

Allows employees to set aside pre-tax dollars to pay for out-of-pocket medical expenses.

Allows employees to set aside money for their stuff.

What type of expenses does a Limited Spending Account cover?

Dental and Vision only

Medical and Dental only

Medical and Vision only

What type of expenses does the Dependent Care FSA Account cover?

Child Care Expenses

Preschool Expenses

Both A & B

What is a Runout?

The timeframe participants can file for expenses incurred during the previous plan year.

The timeframe participants can claim receipts for that year.

Where funds can be rolled over to next year.

Which of these options wouldn't be allowed with an HSA?

Funds are yours until used up.

Funds can be matched by the employer.

The plan can be used with a PPO plan.

Which of these options wouldn't be allowed with an HRA?

Funds are 100% employer funded.

Funds can be invested.

The plan is built by the employer.

What is the Uniform Coverage Rule?

100% of the funds are available on the first day of the plan year.

A limit of the amount for each claim set by the employer.

The plan renews automatically each year unless the EE stops the plan.

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FBA Foundations 101 Frog Jump

Froggy Jumps

Sobre esta actividad

Creada por

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FBA Foundations 101 Frog JumpVersión en línea

por Teri Training

What does FBA stand for?

Which of the three is NOT a FBA plan?

What is NOT another term for Section 125

Choose the best definition of what an FSA plan is:

What type of expenses does a Limited Spending Account cover?

What type of expenses does the Dependent Care FSA Account cover?

What is a Runout?

Which of these options wouldn't be allowed with an HSA?

Which of these options wouldn't be allowed with an HRA?

What is the Uniform Coverage Rule?

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