Question 1
What is the maximum annual contribution limit for an individual HSA in 2024?
Correct Answer:
$$4,150
Question 2
Who can make contributions to an individual's HSA?
Correct Answer:
Both the account holder and the employer
Question 3
When can HSA funds be withdrawn without penalty?
Correct Answer:
Anytime, if used for qualified medical expenses
Question 4
What is the penalty for using HSA funds for non-qualified expenses before age 65?
Correct Answer:
20% penalty and income tax
Question 5
What happens to HSA funds if the account holder dies?
Correct Answer:
A spouse can inherit the HSA tax-free, but a non-spouse must pay taxes on it.
Question 1
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About this Exam

Prepare with the ABA Health Savings Account (HSA) Expert Certificate practice quiz. This question bank includes 40 questions covering funds, individual, expenses, documentation, and standards. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ABA Health Savings Account (HSA) Expert Certificate

This practice set contains 40 questions from the matching question bank and focuses on funds, individual, expenses, documentation, and standards. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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