CSFS practice questions
1304 questions across six courses. Free, no account.
I built this to study for the CSFS exam and then kept adding to it. It is here because the material is hard to revise from a PDF, and because the fastest way to learn this subject is to be asked about it repeatedly and told why you were wrong.
Every question has the answer and an explanation. Read a course straight through like a study guide, or switch to quiz mode and the ones you miss stay in rotation until you get them right. Nothing is saved to an account — progress lives in your own browser.
Course 2
Stop Loss and Marketing
How stop-loss coverage came to exist, what specific and aggregate contracts actually do, the contract-period variations that decide which claims are covered, and how the product is marketed and placed.
140 questions
Course 3
Cost Containment and Vendor Selection
Networks, repricing, utilisation and case management, pharmacy, and the practical business of choosing and holding vendors accountable.
140 questions
Course 4
Accounting, Funding and Tax Consequences
How a self-funded plan is funded and accounted for: claims funds and reserves, incurred-but-not-reported liability, cash flow through a plan year, and the tax treatment that follows.
259 questions
Course 5
Actuarial, Legal, Reporting and Disclosure
Setting rates and attachment points, the actuarial basis behind them, and the reporting and disclosure obligations a plan sponsor carries — including the documents that prove the plan exists.
315 questions
Course 6
State Regulations and Federally Mandated Benefits
Where ERISA preemption ends and state authority begins, what states may regulate for a self-funded plan, and the federal benefit mandates that apply regardless.
225 questions
Course 7
MEWA and VEBA
Multiple employer welfare arrangements and voluntary employees’ beneficiary associations: what they are, how they are regulated, and why both attract more scrutiny than a single-employer plan.
225 questions
CSFS is the Certified Self-Funding Specialist designation. These are my own practice questions, written while studying for the exam. This site is not affiliated with, endorsed by, or connected to the organisation that administers the CSFS designation, and nothing here is official exam content or a substitute for the course material.
About these questions
Are these the real exam questions?
No, and they are not taken from the official course material either. They are original questions written to cover the same ground while studying for the exam. Use them to find out what you do not know yet, not as a shortcut around the coursework.
Is it free, and do I need an account?
Free, and no account. Nothing is gated. Quiz progress is stored in your own browser, so it survives a refresh and coming back tomorrow, but it will not follow you to another device and it is never sent anywhere.
How does quiz mode decide what to ask?
It works through questions you have not seen yet, then keeps recycling any you answered incorrectly until each one has been answered right. It is not a timed test and there is no final score — the point is to shrink the list of things you keep getting wrong.
Why can I see the answers on the page?
Because the page is meant to be readable as a study guide, not only playable as a quiz. Answers sit inside collapsed blocks so you can think first, and quiz mode keeps them hidden until you commit to one. Hiding them any harder would only get in the way of someone genuinely trying to learn the material.
I think one of these answers is wrong.
Please say so. Email the question and what you think the right answer is, and it gets fixed or removed. These were written by one person and reviewed by one person, which is exactly the situation where a second reader is worth a lot.
Studying because you are moving into self-funding?
Self-Funding Advisor also lists the markets, DPC providers, RBP vendors, PBMs and administrators you will be placing business with — by state and group size.
Questions last updated September 2026. Corrections: sam@edw4rds.com.