The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that
A. Actuarial value indicates what percentage of covered expense the health plan will pay.
B. Employer contributions to health-savings accounts may decrease the minimum actuarial value.
C. An employee would not pay more than 40% of the covered expenses excluding the premium contribution.
D. The lowest tier of plan allowed by the ACA is bronze.
Answer: B. Employer contributions to health-savings accounts may decrease the minimum actuarial value.
You might also like to view...
According to your text, sales managers rate which of the following skills as the single most important attribute they look for when hiring relationship salespeople?
A) presentation skills B) technical skills C) listening skills D) questioning skills E) time management skills
The "invisible" customer who receives a salesperson's written proposal should most likely be considered a(n):
A) ideal customer B) current customer C) neutral party D) competing salesperson E) decision maker