The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that
A. Actuarial value indicates what percentage of covered expense the health plan will pay.
B. Employer contributions to health-savings accounts may decrease the minimum actuarial value.
C. An employee would not pay more than 40% of the covered expenses excluding the premium contribution.
D. The lowest tier of plan allowed by the ACA is bronze.

Question

09-12-2022
Business

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The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that
A. Actuarial value indicates what percentage of covered expense the health plan will pay.
B. Employer contributions to health-savings accounts may decrease the minimum actuarial value.
C. An employee would not pay more than 40% of the covered expenses excluding the premium contribution.
D. The lowest tier of plan allowed by the ACA is bronze.

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Srivastava Srivastava · Answer 1 · 2022-12-16T10:22:21+01:00

The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that Employer contributions to health-savings accounts may decrease the minimum actuarial value.

Describe The Affordable Care Act.

The comprehensive health care reform law, also referred to as "Obamacare," was passed in March 2010. Three main objectives of the law are: Make more people eligible for affordable health insurance. For households with incomes between 100% and 400% of the federal poverty threshold, the law offers customers subsidies (referred to as "premium tax credits") that reduce prices (FPL). You can still be eligible for the premium tax credit in 2022 even if your income is higher than 400% FPL. You may be eligible to sign up for or make changes to your Marketplace coverage during a Special Enrollment Period if your income is at or below 150% FPL. Increase Medicaid coverage to include all adults with incomes below 138% of the federal poverty level.

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