IBM HRA Trivia Questions! Quiz

11 Questions | Total Attempts: 527

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IBM HRA Trivia Questions! Quiz

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Questions and Answers
  • 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