Prep Exam: Oregon Life and Health Laws and Rules
Questions and Answers with 100% Correct Answers
Question 1.
According to the Affordable istence prior to which thered plan?
Correct Answer: Care Act, any plan in ex- 23-Mar-10 date is considered a grandfa-
Question 2.
Under the Affordable designed to provide alent to 80% of the provided under the
Correct Answer: Care Act, which of these plans is Gold coverage that is actuarially
equiv- full actuarial value of the benefits plan?
Question 3.
Which of the following an Accident and Health
Correct Answer: is NOT an eligible dependent on 27 year old married child policy?
Question 4.
According to the Affordable is required to have covered individuals co-pays, and other
Correct Answer: Care Act, what metal tier Silver Plan an actuarial value of 70% with
paying 30% through deductibles, cost sharing features?
Question 5.
As classified by the Plan offers
Correct Answer: Affordable Care Act (ACA), a Silver 70% actuarial level of cov-
erage provided
Question 6.
How are health plans fordable Care Act?
Correct Answer: classified according to the Af- Bronze, Silver, Gold, Plat- inum
Question 7.
Under the Affordable does NOT provide health ployer mandate penalty which is calculated
Correct Answer: Care Act, a large employer that the number of full time insurance
and owes an em- employees minus 30 MUST pay an annual penalty, by multiplying
$2,000 by
Question 8.
What are the levels fordable Care Act?
Correct Answer: of coverage as defined by the Af- Bronze, Silver, Gold, and
Platinum
, Question 9.
According to the Affordable mum amount an individual Savings Account?
Correct Answer: $2,500 Care Act, what is the maxi- can contribute to a Flexible
Question 10.
As of January 1, 2014, time equivalent (FTE's) less than $50,000 may of the premiums
paid
Correct Answer: an employer with up to 25 full 50% with average annual wages of
be eligible for a tax credit of ___ by the employer.
Question 11.
All Health Benefit Plans must provide
Correct Answer: issued after January 1, 2014 preventative health ser- vices
Question 12.
In most dental plans, plied to
Correct Answer: a deductible typically is NOT ap- preventative and diagnos- tic
services
Question 13.
An employer may qualify through SHOP Marketplace than how many employees?
Correct Answer: for health care tax credits 25 if that employer has fewer
Question 14.
A common exclusion
Correct Answer: or limitation on a dental policy is Endodontics
Question 15.
Under the Affordable thered health plan
Correct Answer: Care Act, how would a grandfa- The insurer significant- lose its
grandfathered status? ly raises co-insurance charges, deductibles, or co-payment
charges
Question 16.
Group dental plans nual benefits in order
Correct Answer: will frequently place a limit on an- adverse selection to minimize
Question 17.
A hospital or medical dental treatment expenses
Correct Answer: expense policy will typically cover Dental treatment is need- under
which circumstance? ed to repair an injury
Questions and Answers with 100% Correct Answers
Question 1.
According to the Affordable istence prior to which thered plan?
Correct Answer: Care Act, any plan in ex- 23-Mar-10 date is considered a grandfa-
Question 2.
Under the Affordable designed to provide alent to 80% of the provided under the
Correct Answer: Care Act, which of these plans is Gold coverage that is actuarially
equiv- full actuarial value of the benefits plan?
Question 3.
Which of the following an Accident and Health
Correct Answer: is NOT an eligible dependent on 27 year old married child policy?
Question 4.
According to the Affordable is required to have covered individuals co-pays, and other
Correct Answer: Care Act, what metal tier Silver Plan an actuarial value of 70% with
paying 30% through deductibles, cost sharing features?
Question 5.
As classified by the Plan offers
Correct Answer: Affordable Care Act (ACA), a Silver 70% actuarial level of cov-
erage provided
Question 6.
How are health plans fordable Care Act?
Correct Answer: classified according to the Af- Bronze, Silver, Gold, Plat- inum
Question 7.
Under the Affordable does NOT provide health ployer mandate penalty which is calculated
Correct Answer: Care Act, a large employer that the number of full time insurance
and owes an em- employees minus 30 MUST pay an annual penalty, by multiplying
$2,000 by
Question 8.
What are the levels fordable Care Act?
Correct Answer: of coverage as defined by the Af- Bronze, Silver, Gold, and
Platinum
, Question 9.
According to the Affordable mum amount an individual Savings Account?
Correct Answer: $2,500 Care Act, what is the maxi- can contribute to a Flexible
Question 10.
As of January 1, 2014, time equivalent (FTE's) less than $50,000 may of the premiums
paid
Correct Answer: an employer with up to 25 full 50% with average annual wages of
be eligible for a tax credit of ___ by the employer.
Question 11.
All Health Benefit Plans must provide
Correct Answer: issued after January 1, 2014 preventative health ser- vices
Question 12.
In most dental plans, plied to
Correct Answer: a deductible typically is NOT ap- preventative and diagnos- tic
services
Question 13.
An employer may qualify through SHOP Marketplace than how many employees?
Correct Answer: for health care tax credits 25 if that employer has fewer
Question 14.
A common exclusion
Correct Answer: or limitation on a dental policy is Endodontics
Question 15.
Under the Affordable thered health plan
Correct Answer: Care Act, how would a grandfa- The insurer significant- lose its
grandfathered status? ly raises co-insurance charges, deductibles, or co-payment
charges
Question 16.
Group dental plans nual benefits in order
Correct Answer: will frequently place a limit on an- adverse selection to minimize
Question 17.
A hospital or medical dental treatment expenses
Correct Answer: expense policy will typically cover Dental treatment is need- under
which circumstance? ed to repair an injury
