Which of the following events will not happen in 2014?
The health insurance exchanges will be established.
Medicare eligibility will be expanded to those making less than 133 percent of the poverty level.
Insurers will no longer be able to drop policyholders when they get sick.
Correct Answer
Wrong Answer
Though many of the biggest elements of the Affordable Care Act go into effect in 2014, some changes are happening much sooner. Insurers are now prohibited from refusing coverage to a customer who gets sick.
The new legislation includes a mandate that all citizens carry insurance. What's the penalty for an individual who doesn't have health insurance in 2016?
$350
$695
$1,000
Correct Answer
Wrong Answer
People without coverage will face a fee of $695 in 2016. In 2014, the fee will be $95, and in 2015, $325. The fee will continue to increase based on the cost of living.
A person who has insurance through an employer won't have access to the health insurance exchanges in 2014 unless he or she meets which exception?
He or she spends more than 9.5 percent of his or her income on the plan's premiums.
He or she has a pre-existing condition.
He or she has an income of more than $250,000.
Correct Answer
Wrong Answer
If someone spends more than 9.5 percent of his or her income on the premiums associated with employer-provided health coverage, that person is eligible to shop in the insurance exchanges.
Who will be eligible for a credit or a subsidy to buy health insurance in the exchanges?
Individuals and families with incomes up to three times that of the federal poverty level.
Individuals and families with incomes up to four times that of the federal poverty level.
Individuals and families with incomes up to five times that of the federal poverty level.
Correct Answer
Wrong Answer
Credits and subsidies will be available to those with incomes up to four times the federal poverty level; the current federal poverty level is $10,830 for an individual and $22,050 for a family of four.
Employers now have a mandate to provide health insurance, but certain companies are exempt. How many full-time workers can a business employ without facing fines for not providing health insurance?
25
50
100
Correct Answer
Wrong Answer
Businesses with more than 50 employees must provide health insurance to employees or face a fine.
Which of the following will not be used to fund the new legislation?
Higher fees for preventive services
A tax on indoor tanning services
Cuts to Medicare Advantage
Correct Answer
Wrong Answer
There won't be higher fees for preventive services under the bill; in fact, the Affordable Care Act eliminates cost-sharing in the form of co-pays and coinsurance for preventive services.
