Which of the Following Is a Provision of the Affordable

question 43

Multiple Choice

Which of the following is a provision of the Affordable Care Act?

• A)strengthening the use of pre-existing conditions exclusions
• B)prohibition of harmful practices by insurers.
• C)introduction of annual and lifetime limits to control costs
• D)elimination of flexible spending accounts

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Definitions:

Future Value

Future value is a financial concept that estimates how much an investment will be worth at a future date, considering factors like interest earned or capital gains.

Compounded Quarterly

Refers to the process where interest is calculated and added to the principal sum every quarter (every three months) so that subsequent interest calculations are based on the increased principal.

Annual Lease Payments

The total amount paid over a year for the use of leased property or equipment.

Fair Value

The estimated market value of an asset or liability, reflecting what it could be bought or sold for in a current transaction between willing parties.