INSURANCE CH3 Health Flashcards
1
Q
Patient Protection & Affordable Care Act
PPACA
A
health insurance requirement in the US - tax penalty and Employer requirements <50 employees exempt
2
Q
Group Health Insurance
A
makes premium more reasonable
3
Q
Deductible
A
Ins. pays 80% You pay 20% until max out of pocket
4
Q
Policy Provisions
A
Pre-existing conditions no longer permitted
Time Limit or Incontestability Clause (2ys)