How well do you know HSAs? Test your knowledge of HSA topics with this quiz. Question Title * 1. An individual must be employed to have an HSA. (Required.) True False Question Title * 2. The tax benefit of contributing to an HSAs is (Required.) Contributions are tax deductible and exempt from federal withholding. Earnings are tax-deferred. Distributions are tax-free if used for qualified medical expenses. All of the above. Question Title * 3. An individual may keep her HSA open even if she’s no longer eligible to make HSA contributions. (Required.) True False Question Title * 4. By when must an HSA owner pay for qualified medical expenses? (Required.) 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 * 5. An HSA owner with self-only HDHP coverage may only pay for his own qualified medical expenses. (Required.) True False Question Title * 6. At what age can assets be withdrawn from an HSA without penalty if not used for qualified medical expenses? (Required.) Age 70½ Age 65 Age 55 Age 50 Done
