What is one requirements of the Affordable Care Act?
Asked by: Prof. Marc Walsh V | Last update: August 27, 2022Score: 4.9/5 (52 votes)
Require individuals to have insurance, with some exceptions, such as financial hardship or religious belief. Require creation of state-based (or multi-state) insurance exchanges to help individuals and small businesses purchase insurance.
Which was a requirement of the Affordable Care Act quizlet?
an affordable care act provision that requires that all americans and legal residents buy health coverage no matter how sick and regardless of any pre-existing health problems.
What are the key elements of the Affordable Care Act?
- Make affordable health insurance available to more people. ...
- Expand the Medicaid program to cover all adults with income below 138% of the FPL. ...
- Support innovative medical care delivery methods designed to lower the costs of health care generally.
What are 3 provisions of the Affordable Care Act?
On September 23, 2010, a number of ACA provisions took effect, including the elimination of lifetime limits on coverage, restrictions on annual limits on coverage, prohibition on rescinding coverage except in cases of fraud, and the elimination of pre-existing condition exclusions for children.
What Does Affordable Care Act do?
The act required that all Americans purchase (or otherwise obtain) health insurance and prohibited insurance companies from denying coverage (or charging more) due to pre-existing conditions. It also allows children to remain on their parents' insurance plan until age 26.
How Does The Affordable Care Act Work?
What is the major objective of the Affordable Care Act quizlet?
What is the main objective of the ACA? Increases benefits and lower costs for consumers, bolster our health care and public health workforce and infrastructure, foster innovation and quality in our system.
What are 2 components of the Affordable Care Act?
The law addresses health insurance coverage, health care costs, and preventive care. The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 and was amended by the Health Care and Education Reconciliation Act on March 30, 2010.
Which of the following is a main component of the Affordable Care Act of 2010?
The Patient Protection and Affordable Care Act (ACA) has 3 main objectives: (1) to reform the private insurance market—especially for individuals and small-group purchasers, (2) to expand Medicaid to the working poor with income up to 133% of the federal poverty level, and (3) to change the way that medical decisions ...
What are the exchanges mandated by the Affordable Care Act quizlet?
The ACA requires the establishment of "exchanges," which are: state-based marketplaces where consumers can obtain ACA-compliant health plans. subsidies to purchase private health insurance. government-based marketplaces for Medicaid coverage.
What are characteristics of health insurance under the Affordable Care Act quizlet?
What are characteristics of health insurance under the Affordable Care Act? The government regulates the health care plans offered on health exchanges. Health exchanges help individuals obtain the coverage they need. People who have an income below certain levels are eligible for government subsidies.
What is the individual mandate component of the Patient Protection and Affordable Care Act quizlet?
The individual responsibility provision of the Affordable Care Act, also known as the individual mandate, requires people who can afford to buy health insurance to do so, or else they must pay a penalty.
Why was the individual mandate a necessary feature of the Affordable Care Act?
The rationale behind the mandate
The rationale behind the individual mandate is that if everyone is required to have insurance—especially healthy people—the risk pools will be broad enough to lower premiums for everyone, even those with expensive medical conditions.
Why were exchanges implemented by the Affordable Care Act?
The exchanges are intended to increase competition among insurers and focus that competition on value and price. A number of provisions of the ACA should help to facilitate this objective. Administrative costs. The ACA requires exchanges to fulfill a number of administrative functions that will add to their costs.
Which of the following was one of the goals of the Affordable Care Act of 2010 quizlet?
Which of the following was one of the goals of the Affordable Care Act of 2010? to ration expensive health care services in order to make health care more affordable for the country as a whole.
What are the ACA essential health benefits?
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. Some plans cover more services.
How has the Affordable Care Act changed healthcare?
The ACA significantly changed the healthcare system in the U.S. by reducing the amount individuals and families paid in uncompensated care. The act requires every American to have health insurance and provides assistance to those who cannot afford a plan.
What did the Affordable Care Act of 2010 do?
Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL).
Does the Affordable Care Act require everyone to have insurance?
As of 2019, the Obamacare individual mandate – which requires you to have health insurance or pay a tax penalty –no longer applies at the federal level. However, five states and the District of Columbia have an individual mandate at the state level.
What are the key provisions of the Affordable Care Act of 2010 quizlet?
- Individual mandate.
- health insurance reforms.
- Essential Health benefits.
- Affordable insurance exchanges.
- Premium Credits to Eligible Individuals and Families.
- Employer Requirements.
- Premium Subsidiaries to Small Employers.
- Early retirement reinsurance program.
Which is a characteristic of the Patient Protection and Affordable Care Act?
The law provides numerous rights and protections that make health coverage more fair and easy to understand, along with subsidies (through “premium tax credits” and “cost-sharing reductions”) to make it more affordable. The law also expands the Medicaid program to cover more people with low incomes.
Which of the following is true of the Patient Protection and Affordable Care Act quizlet?
Which of the following is true of the Patient Protection and Affordable Care Act (PPACA)? It requires individuals not covered by an employer policy to purchase health insurance from a state health care exchange.
Which of the following is not true about the Affordable Care Act?
Which of the following is NOT true regarding the Affordable Care Act? It does not enact a guaranteed-issue requirement that prohibits insurance companies from denying coverage to those with preexisting conditions.
Is the Affordable Care Act a policy?
The Affordable Care Act is a watershed in U.S. public health policy.
Which of the following statements best describes Section 1557 of the Affordable Care Act quizlet?
Which of the following statements best describes Section 1557 of the Affordable Care Act (ACA)? c. Section 1557 incorporates earlier civil rights protections in regard to race, color, national origin, disability, age and sex.
Which of the following is not an essential health benefit category under the Affordable Care Act quizlet?
Which of the following is NOT an essential health benefit found in qualified health plans? Qualified health plans (QHPs) must offer essential health benefits such as emergency, rehabilitative and pediatric services. Dental services are not included in the list of essential health benefits.