IBM HRA Trivia Questions! Quiz
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- 1.What information is true about IBM HRAs?
- A.
HRA funds can be used to reimburse eligible medical expenses, which include premiums that pay for coverage (including Medicare Part B) and certain out-of-pocket expenses such as copays and coinsurance for retirees and eligible dependents
- B.
Tax-advantaged account used to reimburse eligible health care expenses that retiree pays first.
- C.
For retirees with a Future Health Account (FHA), the balance will be transferred into a new HRA. Retirees can check NetBenefits.com for their current balance through the end of the year
- D.
IBM will make an annual contribution to a Health Reimbursement Account (HRA), if eligible.
- E.
All of the above
- 2.IBM FHA eligible retirees can find their FHA account balance on the Extend Health website?
- A.
True
- B.
False
- 3.What mailer will a retiree receive from the funding department prior to their effective date?
- A.
Confirmation Letter
- B.
Retiree Welcome Guide
- C.
Getting Started Guide
- D.
HRA Welcome Kit
- 4.IBM Retirees can uses their HRA expenses for:
- A.
Medical and Rx Premiums only
- B.
Medical, Rx, Dental, vision, and Long Term Care premiums only
- C.
Medical, Rx, and Medicare Part B premiums only
- D.
Medical, Rx, Dental, Vision, Medicare Part B and Long Term Care Premiums
- 5.What expenses can a post-65 spouse file for after the retiree meets HRA eligibility requirements?
- A.
213 d expenses
- B.
Premiums paid to IBM
- C.
Copays
- D.
Deductibles
- E.
None of the Above
- 6.Once a retiree meets the HRA eligibility requirements, what expenses can be claimed for a pre-65 spouse?
- A.
213 d expenses
- B.
Premiums paid to IBM
- C.
Copays
- D.
Deductibles
- E.
None of the Above
- 7.IBM retiree accounts will roll over at the end of each year?
- A.
True
- B.
False
- 8.Retirees with a Future Health Account (FHA) will have their balance transferred into a new HRA which will roll over until depleted?
- A.
True
- B.
False
- 9.What type of expenses can be claimed using a recurring claim form for IBM?
- A.
213 d expenses
- B.
Premiums
- C.
Copays
- D.
Deductibles
- E.
None of the Above
- 10.What date expectation should be set for an IBM retiree, with a 01/01/2014 effective date, to start receiving their Automatic Reimbursements?
- A.
January 15th
- B.
February 15th
- C.
March 15th
- D.
April 15th
- 11.If an IBM Retiree is enrolled in Kaiser through the group plan, they can enroll in an individual Kaiser plan, outside of Extend Health, and still be eligible for their HRA.
- A.
True
- B.
False
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