FHCE 2100 Exam 3 UPDATED ACTUAL
Exam Questions and CORECT Answers
What are some provisions on the ACA? - CORRECT ANSWER -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. - CORRECT ANSWER increased, 260%
What is a premium? - CORRECT ANSWER monthly or annual cost for a health care plan
Costs of the U.S. healthcare system amount to about ___% of GDP. - CORRECT
ANSWER 18% (higher than any country in the world)
True or false: the ACA only impacts people without health insurance. - CORRECT
ANSWER true
Under the ACA, health insurance companies have to cover everyone regardless of ___________
_____________. - CORRECT ANSWER preexisting conditions
The ACA requires health insurance companies cover ____________________ with no out-of-
pocket costs. - CORRECT ANSWER wellness visits & preventative services
What is the individual mandate? - CORRECT ANSWER 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? - CORRECT
ANSWER 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? - CORRECT ANSWER 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"? - CORRECT ANSWER -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. - CORRECT ANSWER 1, 2.5
What is the modified adjusted gross income (MAGI)? - CORRECT ANSWER Total of
adjusted gross income plus any additional tax-exempt interest income you might have
What are health insurance exchanges (HIX)? - CORRECT ANSWER A.k.a. health insurance
marketplace; where insurance companies compete to sell people their policies
Exam Questions and CORECT Answers
What are some provisions on the ACA? - CORRECT ANSWER -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. - CORRECT ANSWER increased, 260%
What is a premium? - CORRECT ANSWER monthly or annual cost for a health care plan
Costs of the U.S. healthcare system amount to about ___% of GDP. - CORRECT
ANSWER 18% (higher than any country in the world)
True or false: the ACA only impacts people without health insurance. - CORRECT
ANSWER true
Under the ACA, health insurance companies have to cover everyone regardless of ___________
_____________. - CORRECT ANSWER preexisting conditions
The ACA requires health insurance companies cover ____________________ with no out-of-
pocket costs. - CORRECT ANSWER wellness visits & preventative services
What is the individual mandate? - CORRECT ANSWER 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? - CORRECT
ANSWER 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? - CORRECT ANSWER 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"? - CORRECT ANSWER -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. - CORRECT ANSWER 1, 2.5
What is the modified adjusted gross income (MAGI)? - CORRECT ANSWER Total of
adjusted gross income plus any additional tax-exempt interest income you might have
What are health insurance exchanges (HIX)? - CORRECT ANSWER A.k.a. health insurance
marketplace; where insurance companies compete to sell people their policies
