How much do you know about your Flexible Spending Account?

Test your knowledge! As you go through the following questions, please click on your answer to find out if you are correct.

Do you have a Flexible Spending Account? FSAs are financial accounts that allow you to set-aside a portion of earnings to pay for qualified medical and dependent care expenses, tax-free. Are you getting the most out of your Flex account? See how much you already know – take the quiz!

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FSA Quiz

1. If you are contributing to a Health Savings Account, a Health FSA plan can only reimburse eligible dental and vision expenses.

2. Which of the following Dependent Care expenses are considered allowable?

3. Which one of these expenses are not covered by our FSA?

4. What is the maximum Health FSA election for a single in 2022?

5. Which healthcare item requires additional documentation, other than a receipt, in order to be reimbursed?

6. Prescription drugs that are purchased from pharmacies outside of the United States are still eligible for reimbursement.

7. Marriage counseling, cosmetic surgery, and vision discount programs are all allowable Health FSA expenses.

8. The Department of Treasury modified the flexible spending “Use-it-or-lose-it” provision to allow rollover of FSA funds.

9. Which three life event changes allow you to change your Health FSA election amount?

10. What is the maximum Dependent Care FSA election in 2022?

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