Webinar Review: ACA And Fraudulent Webinars Part 1
For ACA webinar answer questions 1-3, for Fraudulent webinar answer questions 4-6
Thank you.
- 1.
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?
- A.
Available
- B.
Affordable
- C.
Appropriate
- D.
Adequate
Correct Answer
C. AppropriateExplanation
Answer C – For determining eligibility the employer sponsored health program must be available to eligible employees, affordable for the employer and provide adequate coverage.Rate this question:
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- 2.
For the purposes of determining if the employer sponsored health program is adequate it must cover what percentage of medical costs on average?
- A.
51%
- B.
75%
- C.
65%
- D.
60%
Correct Answer
D. 60%Explanation
Answer D – The minimum value of an employee only plan must cover at least 60% of medical costs on average.Rate this question:
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- 3.
Minimum essential coverage includes
- A.
Medicare
- B.
Dental Insurance
- C.
Medigap coverage
- D.
Vision
Correct Answer
A. MedicareExplanation
Answer A – Minimum essential coverage does not include specialized coverage, but government sponsored health programs such as Medicare qualifies.Rate this question:
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- 4.
Under IRC 3505 a lender can potentially be held liable for funds lent to an employer for net payroll for
- A.
100% of total amount loaned to an employer
- B.
25% of total amount loaned to an employer
- C.
50% of total amount loaned to an employer
- D.
Option 4
Correct Answer
B. 25% of total amount loaned to an employer -
- 5.
Under IRC 6901 the Internal Revenue Service may assess and collect income, estate and gift taxes
- A.
From the recipient of a transfer for less than adequate consideration
- B.
Equal to the value of the property transferred
- C.
Except in cases of bankruptcy
- D.
Option 4
Correct Answer
A. From the recipient of a transfer for less than adequate consideration -
- 6.
Fraudulent conveyance is defined as the transfer of real or personal property
- A.
For value received equal to fair market value
- B.
To place property beyond the reach of creditors
- C.
To ensure the rights of creditors
- D.
Option 4
Correct Answer
B. To place property beyond the reach of creditors -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Oct 05, 2015Quiz Edited by
ProProfs Editorial Team -
Dec 06, 2013Quiz Created by
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