Take This ACA Mental Health Test!
Mental health refers to a person's conditions in regard to their psychological and emotional well-being but sometimes we need to think outside the box and outside box, take this quiz to understand what I mean by that.
- 1.Supporters of the ACA state health insurance rates for people will be less with the premium assistance tax credits. What is expected to happen with the individual health insurance rates for people who do not qualify for tax credits?
- A.
Premiums will increase by 75% or more.
- B.
Premiums will go down, but not as much as for those who get premium assistance.
- C.
Premiums will increase 5% to 10%
- D.
Premiums will increase between 25% and 50%
- 2.The Marshall family has a combined income that places them at 39% of the federal poverty level. Based on their family size and income, they receive $10,290 in premium assistance tax credits. At the end ifn the year, the Mrs. Marshall received a bonus that pushed their annual income over 400% of the poverty level. When they file their tax return in April of the following year, what does the ACA require happen with their premium assistance?
- A.
Because they have a family policy, they have to repay $600.
- B.
Because they file taxes with three personal exemptions, they have to repay $2,500 or reduce their subsidy in a future year.
- C.
Because they earned more than 400% of the poverty level, they must pay the IRS the entire $10,290 as additional tax.
- D.
No financial impact, because the year in which the credits were used is over.
- 3.When the federal and state health insurance exchanges begin enrolling people for 2014 health coverage what tax year's income will be used to set an applicant's premium assistance tax credits
- A.
None
- B.
2011
- C.
2012
- D.
2013
- 4.John and Jen are each single. John earns $37,000 a year. Jen earns $40,000, roughly %360 of the poverty level. Because each income is under 400% of the poverty level, each of them would receive a premium assistance tax credits towards health insurance purchased through a health insurance exchange. If they were married to one another, would they receive premium assistance?
- A.
They would not be eligible for premium assistance.
- B.
They would receive slightly less in premium assistance, because they share a common health policy.
- C.
They would get the same premium assistance as long as they maintain separate health insurance policies.
- D.
They would receive the same assistance as a married couple as if they are single.
- 5.Which of the following may continue using health conditions for underwriting health insurance in 2014 and after?
- A.
Small business group health plans
- B.
Self-funded group health plans
- C.
Individual health policies
- D.
Large company health plans
- 6.Which of the following employers must comply with the ACA's new requirement for reporting the value of health benefits on an employee's W-2?
- A.
No one; this requirement was repealed
- B.
All businesses regardless of size
- C.
Companies with 100 or more employees
- D.
Employers required to file 250 or more W-2's
- 7.Chen America employs 28 people. The company does not offer health insurance. In 2014, 15 of the company's employees purchase insurance through a state health insurance exchange. How much might Smith Company have to pay as a fine for not offering health insurance?
- A.
$15,000
- B.
$0
- C.
$45,000
- D.
$30,000
- 8.The AC requires that certain organizations automatically enroll employees in a health benefits plan. To which of the following groups does this apply?
- A.
Businesses with more than 200 full-time employees
- B.
Businesses with more than 200 employees
- C.
Government contractors
- D.
State and federal government agencies
- 9.Which of the following ACA provisions became effective in 2013?
- A.
Employers with less than 50 employees may offer self-funded health insurance plans
- B.
Employers must inform their employees of the availability of health insurance exchanges
- C.
Children up to age 26 may only remain on a parent's health insurance policy if the child is not eligible for employer-provided insurance
- D.
A 40% excise tax on high-cost health insurance policies
- 10.What is the full meaning of ACA?
- A.
Affordable Care Act
- B.
American Care Act
- C.
Affordable Care Council
- D.
American Care Council
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