Affordable care ac - Study guides, Class notes & Summaries

03_ Affordable Care Act and Access/ 04_Medicare and Medicaid correctly answered

Affordable Care Act The ACA requires most U.S. citizens and legal residents to purchase health insurance if they can afford it or pay a penalty. There is a mandate that says that every state must have a consumer-oriented marketplace where individuals are provided information and can purchase healthcare insurance. This was signed into law on March 23, 2010 by Obama. The goal of the act is to improve the accessibility and quality of the U.S. Healthcare system. Cafeteria Plan This is part ...

Individual mandate: Individual must buy health insurance as long as.... Premium costs 8% of income How much are cost-sharing reduction payments? Payments made directly by the government to insurers. Results in capping out of pocket exposure (6850 for individual, 13,700 for family), increases actuarial value on sliding scale Tax credit vs. Tax deductible Tax credit lowers your tax bill dollar for dollar ($1000 tax credit = $1000 off the taxes you have to pay no matter what your...

Which of the following are NOT a proper uses of CMS systems? A. Individuals are allowed to have more than one CMS Portal account B. Using scripts or automation tools to conduct person searches on CMS websites without CMS written approval C. Conducting person searches for consumers who have given consent for purposes of applying for and enrolling in a Marketplace plan D. Conducting person searches through the Direct Enrollment Pathways (Classic or Enhanced) for the purpose of enrollin...

Affordable Care Act Questions and Answers 2023 What is the Affordable Care Act The law consists of two pieces of legislation: Patient Protection and Affordable Care Act (PPACA), enacted on March 23, 2010 Health Care and Education Reconciliation Act (HCERA), enacted on March 30, 2010 Jointly, they are referred to as the Affordable Care Act (ACA) "Healthcare Reform" or "Obamacare" Main objective of the ACA Expands health insurance coverage to an estimated 32 million uninsured ...

The Affordable Care Act Questions and Answers 2023 What is the Affordable Care Act (ACA)? a law consisting of two pieces of legislation that are collectively referred to as "Healthcare Reform" or "Obamacare" What are the individual laws that make up the ACA? 1. The Patient Protection and Affordable Care Act (PPACA), enacted on March 23, 2010 2. The Health Care and Education Reconciliation Act (HCERA), enacted on March 30, 2010 What is the main objective of the ACA? to ex...

Affordable Care Act (ACA) Questions Answered 100% Advance Premium Tax Credit (APTC) designed to help individuals lower their monthly health insurance premiums right away. Individuals must meet certain eligibility requirements and the __________ only apply to health insurance purchased through a marketplace. Each qualified individual chooses how much of the ______________ to apply to the monthly insurance premium, up to a maximum amount. T/F: If an individual does not file a federal inc...

Under ACA Section 1557, a health plan premium sold through a state exchange may, based on an individual's age and charge higher premiums. Which of the following statements best describes Section 1557 of the Affordable Care Act (ACA)? Section 1557 incorporates earlier civil rights protections in regard to race, color, national origin, disability, age and sex. Brainpower Read More As a result of violations of ACA Section 1557 nondiscrimination rules, a health plan may revoke ...

Affordable Care Act, Section 1557 Questions And Answers Latest Update 2024/2025

Medicare Background -Health Insurance program for elderly -prior to medicare, 38% of elderly had health insurance -Johnson/Democrats won landslide in 1964 -Direct Defeat impossible Criticisms: top limited, part B added at last minute -has two major options: fee-for-service, which includes extensive cost shareign and managed care medicare advantage American Medical Association/ Providers -Opposed Medicare: In favor of subsidies for poor, but not wealthy - What the AMA wanted: Volun...