ACA Quiz: Counselling Questions!

1. 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.

None

An individual who has insurance through an employer will not be eligible to access the health insurance exchanges in 2014, unless they spend more than 9.5 percent of their income on the plan's premiums. This exception allows individuals with high premium costs relative to their income to have access to the health insurance exchanges, where they may find more affordable coverage options.

Explanation

An individual who has insurance through an employer will not be eligible to access the health insurance exchanges in 2014, unless they spend more than 9.5 percent of their income on the plan's premiums. This exception allows individuals with high premium costs relative to their income to have access to the health insurance exchanges, where they may find more affordable coverage options.

2. How many Americans will gain coverage through the new legislation?

16 million

24 million

32 million

42 million

The correct answer is 16 million. This indicates that the new legislation will result in 16 million Americans gaining coverage.

Explanation

The correct answer is 16 million. This indicates that the new legislation will result in 16 million Americans gaining coverage.

3. The new legislation would close the doughnut hole. What is the doughnut hole?

A billing method that pays doctors twice for the same service

An income-level bracket that is not eligible for Medicaid

A gap in Medicare coverage that forces the elderly to pay for prescription drugs out of pocket

None

The doughnut hole refers to a gap in Medicare coverage where beneficiaries have to pay for prescription drugs out of pocket. This means that after a certain amount of prescription drug expenses, Medicare coverage stops and individuals are responsible for the full cost of their medications until they reach catastrophic coverage. The new legislation mentioned in the question would close this gap, ensuring that the elderly no longer have to bear the burden of paying for prescription drugs out of pocket.

Explanation

The doughnut hole refers to a gap in Medicare coverage where beneficiaries have to pay for prescription drugs out of pocket. This means that after a certain amount of prescription drug expenses, Medicare coverage stops and individuals are responsible for the full cost of their medications until they reach catastrophic coverage. The new legislation mentioned in the question would close this gap, ensuring that the elderly no longer have to bear the burden of paying for prescription drugs out of pocket.

4. How long can young people stay on their parents' insurance plans under the Affordable Care Act?

Until they turn 25

Until they turn 26

Until they turn 27

Until they turn 28

Under the Affordable Care Act, young people can stay on their parents' insurance plans until they turn 26. This provision allows young adults to have access to affordable healthcare coverage and helps them transition into independent adulthood without the worry of losing health insurance.

Explanation

Under the Affordable Care Act, young people can stay on their parents' insurance plans until they turn 26. This provision allows young adults to have access to affordable healthcare coverage and helps them transition into independent adulthood without the worry of losing health insurance.

5. 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.

None of the above

The given answer, "Insurers will no longer be able to drop policyholders when they get sick," is correct because it is the only event listed that will not happen in 2014. The other options, such as the establishment of health insurance exchanges and the expansion of Medicare eligibility, were part of the Affordable Care Act (ACA) and were scheduled to take effect in 2014. However, the provision prohibiting insurers from dropping policyholders when they get sick was already in effect before 2014, as part of the ACA. Therefore, it is not an event that will specifically happen in 2014.

Explanation

The given answer, "Insurers will no longer be able to drop policyholders when they get sick," is correct because it is the only event listed that will not happen in 2014. The other options, such as the establishment of health insurance exchanges and the expansion of Medicare eligibility, were part of the Affordable Care Act (ACA) and were scheduled to take effect in 2014. However, the provision prohibiting insurers from dropping policyholders when they get sick was already in effect before 2014, as part of the ACA. Therefore, it is not an event that will specifically happen in 2014.

6. 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

$1,200

The penalty for an individual who doesn't have health insurance in 2016 is $695. This is stated in the new legislation which mandates that all citizens carry insurance.

Explanation

The penalty for an individual who doesn't have health insurance in 2016 is $695. This is stated in the new legislation which mandates that all citizens carry insurance.

7. 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.

None of the above

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Explanation

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8. 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

150

Under the current mandate, employers are required to provide health insurance to their full-time workers. However, certain companies are exempt from this requirement. The question is asking how many full-time workers a business can employ without facing fines for not providing health insurance. The correct answer is 50, indicating that if a business employs 50 or fewer full-time workers, they are exempt from the mandate and do not face fines for not providing health insurance.

Explanation

Under the current mandate, employers are required to provide health insurance to their full-time workers. However, certain companies are exempt from this requirement. The question is asking how many full-time workers a business can employ without facing fines for not providing health insurance. The correct answer is 50, indicating that if a business employs 50 or fewer full-time workers, they are exempt from the mandate and do not face fines for not providing health insurance.

9. What is the maximum tax credit a small business could receive for providing health insurance?

25

35

45

55

The maximum tax credit a small business could receive for providing health insurance is 35. This means that if a small business provides health insurance to its employees, it may be eligible for a tax credit of up to 35% of the premiums paid. The tax credit is designed to incentivize small businesses to offer health insurance coverage to their employees.

Explanation

The maximum tax credit a small business could receive for providing health insurance is 35. This means that if a small business provides health insurance to its employees, it may be eligible for a tax credit of up to 35% of the premiums paid. The tax credit is designed to incentivize small businesses to offer health insurance coverage to their employees.

10. 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

None

The new legislation will not be funded by higher fees for preventive services. This means that the government will not be increasing the fees for preventive services as a means to generate revenue for the legislation.

Explanation

The new legislation will not be funded by higher fees for preventive services. This means that the government will not be increasing the fees for preventive services as a means to generate revenue for the legislation.