Which of the Following Is NOT a True Statement About

question 101

Multiple Choice

Which of the following is NOT a true statement about the Protection and Affordable Care Act of 2010?

• A)Employers must offer health insurance coverage to employees who work less than 30 hours per week.
• B)Employers will be required to pay a 20% excise tax on high-cost health insurance plans.
• C)Contributions to health care flexible spending accounts will be capped at $2,500.
• D)Health plans with dependent coverage must expand eligibility up to age 26.

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Definitions:

Economic Recovery

The process of recovery in an economy that leads to increased business activity, employment, and production after a period of recession or downturn.

Workers' Wages

The compensation or earnings paid to employees or laborers for their work or services, usually expressed in terms of hourly, daily, or monthly rates.

Reconstruction Finance Corporation

A government corporation in the United States created by Congress in 1932 to provide financial support to state and local governments and make loans to banks, railroads, mortgage associations, and other businesses.

Federal Loans

Long-term borrowing provided by the federal government to support students, businesses, and other entities, often with favorable terms.