HSA Eligibility Requirements 3

Question 1

Under the 'last-month rule,' an individual who becomes HDHP-eligible on December 1 may:

Accepted Answer

Contribute the full annual HSA limit as if they were eligible the entire year

Answer

Contribute only 1/12 of the annual limit for that year

Answer

Contribute nothing until the following tax year

Answer

Contribute the full limit only if they had prior HSA coverage

Question 2

The testing period for the last-month rule requires an individual to maintain HDHP eligibility through:

Accepted Answer

December 31 of the following year

Answer

June 30 of the following year

Answer

December 31 of the same year

Answer

March 31 of the following year

Question 3

Preventive care services that may be covered before the deductible under a qualifying HDHP include which of the following?

Accepted Answer

Annual physical exams and routine immunizations

Answer

Elective surgery and cosmetic procedures

Answer

Emergency room visits for acute illness

Answer

Prescription drugs for chronic conditions

Question 4

An individual loses HDHP coverage in October and does not regain it. For that tax year, the individual may contribute to their HSA:

Accepted Answer

Only for the months they were covered by an HDHP (January through October)

Answer

For the full year because they were eligible on January 1

Answer

Nothing, because they did not maintain coverage for the full year

Answer

Up to the family limit regardless of coverage type

Question 5

An employee's domestic partner is covered under the employee's family HDHP. Which statement correctly describes the employee's HSA eligibility?

Accepted Answer

The employee remains eligible to contribute to their own HSA at the family limit

Answer

The employee is ineligible because the domestic partner has separate coverage

Answer

The employee may only contribute at the self-only limit

Answer

The domestic partner's coverage converts the plan to a non-HDHP

Question 6

Which of the following correctly describes how Medicaid affects HSA eligibility?

Accepted Answer

Medicaid enrollment disqualifies an individual from contributing to an HSA

Answer

Medicaid is considered permitted insurance and does not affect HSA eligibility

Answer

Medicaid only affects eligibility if the individual has a chronic condition

Answer

Medicaid enrollment reduces the HSA contribution limit by 50%

Question 7

An individual who turns 65 and enrolls in Medicare Part A in August of a given year may contribute to their HSA:

Accepted Answer

Only for the months January through July (before Medicare enrollment)

Answer

For the full year because they were eligible on January 1

Answer

Not at all, because reaching age 65 automatically disqualifies HSA contributions for the entire year

Answer

For the full year if they also maintain their HDHP coverage