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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
[ Itemized deductions | Exemptions ] allow taxpayers to reduce their adjusted gross income (AGI) by the amount of their personal expenditures.
Medical Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Affordable Care Act
A comprehensive health care reform law enacted in March 2010, aimed at improving access to health insurance for American citizens.
Medicaid
A health care program in the United States that provides medical assistance to eligible low-income individuals and families.
Medicare
A federal health insurance program in the United States primarily for people who are 65 or older, as well as for some younger individuals with disabilities.
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