What Type of Insurance Did the Connector Board Decide Will

question 13

Multiple Choice

What type of insurance did the Connector Board decide will satisfy the requirements of the individual mandate?

• A)a comprehensive set of benefits that it called minimum creditable coverage
• B)a minimum of at least $2,000 worth of coverage
• C)hospital, physician, and other provider services, with limited annual mental health benefits
• D)a minimum of a high-deductible catastrophic plan

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Definitions:

Commingled

Mixed together without any clear separation, especially referring to funds or assets.

Retained Earnings

Profits that a corporation keeps.

Reinvestment

The process of using the proceeds from an investment to purchase additional assets or securities in order to potentially increase wealth.

Self-Dealing

Any instance in which directors or officers make decisions that violate their corporate duty of loyalty.