Agency and Regulation: Qualified Health Plans

Question 1

The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following elements are true except that

Answer 1

1. Actuarial value indicates what percentage covered expense the health plan will pay.
2. An employee would not pay more than 40% of the covered expenses excluding the premium contribution
3. The lowest tier of plan allowed by the ACA is bronze