Which of the following is a provision of the Patient Protection and Affordable C

Question

Which of the following is a provision of the Patient Protection and Affordable Care Act? Multiple Choice Every firm must purchase health insurance for their employees or face a $2,000 fine per employee. Adult children of parents with employer-provided health insurance can remain covered by their parents insurance through age 35 Every individual must purchase their own health insurance for themselves and their dependents or pay a fine. Insurance companies may not legally deny coverage to anyone on the basis of a preexisting medical C Prev 5 of 20 ext > 2

Explanation / Answer

Not every firm is required to face a penalty of 2000. Large firms, if employed more than 200 workers, are required to enrol them in a qualified plan. A penalty of $2000 per uninsured employee must be borne. Also second option is not correct. Though the act has made it mandatory to provide health insurance to all and that no one can be denied health insurance coverage by insurance company merely based on pre-existing conditions, an exception is grandfather plans

Third option is correct. Individual mandate is for the individuals and their dependents.

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