What does the individual mandate of the Affordable Care Act require all individuals to do quizlet?

What does the employee mandate of the Affordable Care Act require?

Employers with 50 or more full-time and/or FTE employees must offer affordable/minimum value medical coverage to their full-time employees and their dependents up to the end of the month in which they turn age 26, or they may be subject to penalties.

Which is one requirement of the Affordable Care Act?

One provision contained in the law is known as the “individual mandate” which requires that all Americans (regardless of age) be covered by health insurance (through a group or individual plan) or pay an annual financial penalty assessed by the Internal Revenue Service, unless waived under certain limited circumstances ...

Which was a requirement of the Affordable Care Act quizlet?

The Affordable Care Act's individual mandate clause required people to obtain minimum necessary coverage or pay a tax penalty, unless they qualified for an exemption.

What does the Affordable Care Act do?

Under the Affordable Care Act, patients who may have been uninsured due to preexisting conditions or limited finances can secure affordable health plans through the health insurance marketplace in their state.

Why was the individual mandate provision of the Affordable Care Act controversial?

States that challenged the ACA argued that the individual mandate was an overreach of Congress's commerce clause powers, the government's well-recognized (but not limitless) power to regulate certain economic activity that either occurs between states or substantially affects the states in the aggregate [6, 7].

What is required for ACA compliance?

What is ACA compliance? Businesses that are subject to the ACA must offer affordable health insurance that provides minimum essential coverage and minimum value to at least 95% of their full-time employees (including dependents).

What is the individual mandate component?

How are you affected by the mandate? Under California's individual mandate, residents must either have qualifying health insurance with minimum essential coverage (MEC), obtain an exemption from the requirement, or pay the Individual Shared Responsibility Penalty when they file their state tax return.

What does the Patient Protection and Affordable Care Act Ppaca mandate?

Larger employers are required to offer affordable, comprehensive health insurance to full‐time employees (employer mandate). Individuals who do not have ESI must purchase insurance on their own or pay a penalty (individual mandate), and premium tax credits are available to some.

Which of the following are goals of the Affordable Care Act (ACA) of 2010?

The intent of the ACA is to reform how insurance and health systems work to ultimately improve health care access, quality, and individual and public cost. If successful, the ACA has the potential to improve individual health and, ultimately, population health.

Who repealed the individual mandate?

The U.S. Supreme Court ruled that the mandate was constitutional in 2012, but in December 2017, Congress passed the Tax Cuts and Jobs Act, which eliminated the individual mandate penalty, effective January 1, 2019.

In which three ways did the Affordable Care Act affect individuals?

The Affordable Care Act significantly impacted individuals by ensuring women were not charged more than men for health insurance (A), allowing access to insurance regardless of health status (B), and mandating that most individuals obtain health insurance (C). Therefore, the correct answers are A, B, and C.

What is the ACA individual mandate?

The individual mandate is a provision within the Affordable Care Act (ACA) that required individuals to purchase minimum essential coverage – or face a tax penalty – unless they were eligible for an exemption.

What is the primary goal of the Affordable Care Act?

The ACA has three primary goals at its foundation, collectively known as the Triple Aim. The Triple Aim goals are: improve patient care, improve population health, and reduce the cost of health care.

What were the goals of the Affordable Care Act quizlet?

In an effort to control healthcare costs, the ACA has a provision to limit the cost of premiums and increase most health benefits.

What is required by the Affordable Care Act?

A set of 10 categories of services health insurance plans must cover under the Affordable Care Act. These include doctors' services, inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and more.

What does the individual mandate of the Affordable Care Act refer to quizlet?

The "individual mandate" of the Affordable Care Act refers to. the requirement that uninsured individuals purchase health insurance.

What is one requirement of the Affordable Care Act answers?

The Affordable Care Act (ACA) requires most Americans to have qualifying health insurance called "minimum essential coverage." Under the ACA's individual shared responsibility provision (also known as the "individual mandate"), most Americans must maintain minimum essential coverage.

What are the three main features of the Affordable Care Act?

Is the individual mandate still in effect?

In 2017, Congress repealed the individual mandate penalties on the federal level, which went into effect in 2019. This effectively repealed the mandate, as there are no longer consequences for not having health coverage. However, the ACA's employer mandate is still in effect.

What is one requirement of the Affordable Care Act brainly?

Final answer:

One key requirement of the Affordable Care Act is that insurance companies must insure individuals regardless of their health status, thereby preventing denial of coverage due to preexisting conditions. This requirement helps spread risk and addresses adverse selection.