Webinar Review: ACA and Fraudulent Webinars Part 1

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1. Minimum essential coverage includes    

Explanation

Answer A – Minimum essential coverage does not include specialized coverage, but government sponsored health programs such as Medicare qualifies.

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Webinar Review: ACA and Fraudulent Webinars Part 1 - Quiz

For ACA webinar answer questions 1-3, for Fraudulent webinar answer questions 4-6
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2. An employer sponsored health insurance policy must have 3 of the following in order to qualify under the ACA. Which one is not one of the 3 requirements?

Explanation

Answer C – For determining eligibility the employer sponsored health program must be available to eligible employees, affordable for the employer and provide adequate coverage.

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3. For the purposes of determining if the employer sponsored health program is adequate it must cover what percentage of medical costs on average?  

Explanation

Answer D – The minimum value of an employee only plan must cover at least 60% of medical costs on average.

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4. Fraudulent conveyance is defined as the transfer of real or personal property

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5. Under IRC 3505 a lender can potentially be held liable for funds lent to an employer for net payroll for  

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6. Under IRC 6901 the Internal Revenue Service may assess and collect income, estate and gift taxes

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Minimum essential coverage includes    
An employer sponsored health insurance policy must have 3 of the...
For the purposes of determining if the employer sponsored health...
Fraudulent conveyance is defined as the transfer of real or personal...
Under IRC 3505 a lender can potentially be held liable for funds lent...
Under IRC 6901 the Internal Revenue Service may assess and collect...
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