WHY YOU SHOULD BE A HEALTH SAVINGS ACCOUNT CHAMPION

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* 1. Without exception, neither I nor my spouse can contribute to our Health Savings Accounts where one of us is covered under Medicare, or a health plan that is not HSA-capable.

True

False

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* 2. Health Savings Accounts are subject to the same “use or lose” requirements, with a very limited carryover provision, that applies to Health Flexible Spending Accounts.

True

False

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* 3. Pre-tax contributions to a Health Savings Account (through an employer’s cafeteria plan) receive the same tax-favored treatment as pre-tax contributions to a 401(k) or 403(b) plan.

True

False

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* 4. Medical expenses that qualify for tax-preferred reimbursement are the same whether you contribute to a Health Savings Account or a Health Flexible Spending Account.

True

False

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* 5. Distributions from the Health Savings Account are limited to qualifying medical expenses.

True

False

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* 6. When it comes to preparing for retirement, such as providing for an income in retirement after age 65, saving in a Health Savings Account is almost always superior to saving in a 401k or 403b plan.

True

False

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* 7. When it comes to preparing for retirement, such as funding your Medicare Part B and Medicare Part D premiums, saving in a Health Savings Account is almost always superior to saving in a 401k or 403b plan.

True

False

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* 8. When it comes to preparing for retirement, in anticipation of needing long term care services and support, saving in a Health Savings Account is always superior to saving in a 401k or 403b plan.

True

False

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* 9. From a behavioral economics perspective, focused on auto enrollment, auto escalation of contributions, a Health Savings Account can deploy processes similar to those used in 401k or 403b plans today.

True

False

WHY YOU SHOULD BE A HEALTH SAVINGS ACCOUNT CHAMPION

Question Title

* 1. Without exception, neither I nor my spouse can contribute to our Health Savings Accounts where one of us is covered under Medicare, or a health plan that is not HSA-capable.

Question Title

* 2. Health Savings Accounts are subject to the same “use or lose” requirements, with a very limited carryover provision, that applies to Health Flexible Spending Accounts.

Question Title

* 3. Pre-tax contributions to a Health Savings Account (through an employer’s cafeteria plan) receive the same tax-favored treatment as pre-tax contributions to a 401(k) or 403(b) plan.

Question Title

* 4. Medical expenses that qualify for tax-preferred reimbursement are the same whether you contribute to a Health Savings Account or a Health Flexible Spending Account.

Question Title

* 5. Distributions from the Health Savings Account are limited to qualifying medical expenses.

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* 6. When it comes to preparing for retirement, such as providing for an income in retirement after age 65, saving in a Health Savings Account is almost always superior to saving in a 401k or 403b plan.

Question Title

* 7. When it comes to preparing for retirement, such as funding your Medicare Part B and Medicare Part D premiums, saving in a Health Savings Account is almost always superior to saving in a 401k or 403b plan.

Question Title

* 8. When it comes to preparing for retirement, in anticipation of needing long term care services and support, saving in a Health Savings Account is always superior to saving in a 401k or 403b plan.

Question Title

* 9. From a behavioral economics perspective, focused on auto enrollment, auto escalation of contributions, a Health Savings Account can deploy processes similar to those used in 401k or 403b plans today.

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* 10. Please enter your full name.