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FHCE 2100 Exam 3 Questions and Correct
Answers/ Latest Update / Already Graded
What are some provisions on the ACA?
Ans: -Dependent coverage of kids to age 26
-Eliminates life time limits on health insurance plans
-Employers need to disclose healthcare coverage costs
-Establishes health insurance exchanges
-Penalty for being uninsured
The average health insurance premium has _________ by about
______% for families since 1999.
Ans: increased, 260%
What is a premium?
Ans: monthly or annual cost for a health care plan
Costs of the U.S. healthcare system amount to about ___% of GDP.
Ans: 18% (higher than any country in the world)
True or false: the ACA only impacts people without health insurance.
All rights reserved © 2025/ 2026 |
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Ans: true
Under the ACA, health insurance companies have to cover everyone
regardless of ___________ _____________.
Ans: preexisting conditions
The ACA requires health insurance companies cover
____________________ with no out-of-pocket costs.
Ans: wellness visits & preventative services
What is the individual mandate?
Ans: The requirement by the ACA that all Americans and legal
residents buy health coverage, regardless of sickness or
preexisting conditions.
What is a quality healthcare plan according to the U.S. government?
Ans: A plan that meets the "10 essential benefits" of adequate
coverage through a private provider, employer, or
state/federally assisted program
What is an individual shared responsibility fee?
All rights reserved © 2025/ 2026 |
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Ans: A tax penalty given to those who don't have healthcare;
applies to each month you don't have coverage
What are the 10 "essential health benefits"?
Ans: -Ambulatory patient services
-Emergency services
-Hospitalization
-Laboratory services
-Maternity/newborn care
-Mental health
-Prescriptions
-Prevention services
-Pediatric services
-Rehabilitative services
The penalty tax from not having coverage was __% of income in 2015,
and ___% of income in 2016.
Ans: 1, 2.5
What is the modified adjusted gross income (MAGI)?
All rights reserved © 2025/ 2026 |
FHCE 2100 Exam 3 Questions and Correct
Answers/ Latest Update / Already Graded
What are some provisions on the ACA?
Ans: -Dependent coverage of kids to age 26
-Eliminates life time limits on health insurance plans
-Employers need to disclose healthcare coverage costs
-Establishes health insurance exchanges
-Penalty for being uninsured
The average health insurance premium has _________ by about
______% for families since 1999.
Ans: increased, 260%
What is a premium?
Ans: monthly or annual cost for a health care plan
Costs of the U.S. healthcare system amount to about ___% of GDP.
Ans: 18% (higher than any country in the world)
True or false: the ACA only impacts people without health insurance.
All rights reserved © 2025/ 2026 |
, Page |2
Ans: true
Under the ACA, health insurance companies have to cover everyone
regardless of ___________ _____________.
Ans: preexisting conditions
The ACA requires health insurance companies cover
____________________ with no out-of-pocket costs.
Ans: wellness visits & preventative services
What is the individual mandate?
Ans: The requirement by the ACA that all Americans and legal
residents buy health coverage, regardless of sickness or
preexisting conditions.
What is a quality healthcare plan according to the U.S. government?
Ans: A plan that meets the "10 essential benefits" of adequate
coverage through a private provider, employer, or
state/federally assisted program
What is an individual shared responsibility fee?
All rights reserved © 2025/ 2026 |
, Page |3
Ans: A tax penalty given to those who don't have healthcare;
applies to each month you don't have coverage
What are the 10 "essential health benefits"?
Ans: -Ambulatory patient services
-Emergency services
-Hospitalization
-Laboratory services
-Maternity/newborn care
-Mental health
-Prescriptions
-Prevention services
-Pediatric services
-Rehabilitative services
The penalty tax from not having coverage was __% of income in 2015,
and ___% of income in 2016.
Ans: 1, 2.5
What is the modified adjusted gross income (MAGI)?
All rights reserved © 2025/ 2026 |
