FBA Foundations 102 Quiz

Froggy Jumps

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Jump along the lily pads to answer questions about FBA Foundations 102.

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Teri Training

Estados Unidos

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Froggy Jumps FBA Foundations 102 QuizVersión en línea Jump along the lily pads to answer questions about FBA Foundations 102. por Teri Training 1 Which of the below best describes an Eligible Expense? a Expenses used for just medical visits. b Expenses used to fix the car. c Expenses used to diagnose, treat, cure, mitigate, or prevent medical conditions. 2 Which of the following would be considered an Ineligible Expense? a Cat food b Hearring aid batteries c Co-pays for doctors offices 3 This is sometimes used to prove that an ineligible expense is considered eligible per their doctor. a ERISA Wrap Document b Letter of Medical Necessity c Receipt 4 Premium Only Plans (POP) is a service that allows employers to take ____________for insurance premiums before those dollars are taxed. a deductibles b co-payments c deductions 5 What is an example of a Qualified Life Event that allows someone to increase their FSA mid-year? a Having a baby! b Getting divorced c Dependent ages off their plan 6 True or False: Someone on a Dependent Care Plan can use their funds before they contribute them? a True b False c Not Applicable 7 Children up to the age of __________ are covered under the Dependent Care Plan. a 12 b 11 c 13 8 Most Transit plans fall under the _______________rule. a Uniform Coverage b Evergreen c Exsise 9 Tuition Plans are based upon the employer's rules for eligibility; the maximum limit for the plan is: a $5250.00 b $520.00 c $5500.00 10 Lifestyle plans can pay for: a Gym Memberships b Carpooling c Financial Coaching

Froggy Jumps

FBA Foundations 102 QuizVersión en línea

Jump along the lily pads to answer questions about FBA Foundations 102.

por Teri Training

Which of the below best describes an Eligible Expense?

Expenses used for just medical visits.

Expenses used to fix the car.

Expenses used to diagnose, treat, cure, mitigate, or prevent medical conditions.

Which of the following would be considered an Ineligible Expense?

Cat food

Hearring aid batteries

Co-pays for doctors offices

This is sometimes used to prove that an ineligible expense is considered eligible per their doctor.

ERISA Wrap Document

Letter of Medical Necessity

Receipt

Premium Only Plans (POP) is a service that allows employers to take ____________for insurance premiums before those dollars are taxed.

deductibles

co-payments

deductions

What is an example of a Qualified Life Event that allows someone to increase their FSA mid-year?

Having a baby!

Getting divorced

Dependent ages off their plan

True or False: Someone on a Dependent Care Plan can use their funds before they contribute them?

True

False

Not Applicable

Children up to the age of __________ are covered under the Dependent Care Plan.

Most Transit plans fall under the _______________rule.

Uniform Coverage

Evergreen

Exsise

Tuition Plans are based upon the employer's rules for eligibility; the maximum limit for the plan is:

$5250.00

$520.00

$5500.00

Lifestyle plans can pay for:

Gym Memberships

Carpooling

Financial Coaching

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FBA Foundations 102 Quiz

Froggy Jumps

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FBA Foundations 102 QuizVersión en línea

por Teri Training

Which of the below best describes an Eligible Expense?

Which of the following would be considered an Ineligible Expense?

This is sometimes used to prove that an ineligible expense is considered eligible per their doctor.

Premium Only Plans (POP) is a service that allows employers to take ____________for insurance premiums before those dollars are taxed.

What is an example of a Qualified Life Event that allows someone to increase their FSA mid-year?

True or False: Someone on a Dependent Care Plan can use their funds before they contribute them?

Children up to the age of __________ are covered under the Dependent Care Plan.

Most Transit plans fall under the _______________rule.

Tuition Plans are based upon the employer's rules for eligibility; the maximum limit for the plan is:

Lifestyle plans can pay for:

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