The Health Insurance Portability and Accountability Act of 1996

question 89

Multiple Choice

The Health Insurance Portability and Accountability Act of 1996

• A) Sets federal standards to ensure that workers do not lose their health insurance if they change jobs.
• B) Sets state standards to ensure that workers do not lose their health insurance if they change jobs.
• C) Applies to individual health insurance policies.
• D) Prevents employees from moving from one group health plan to another without a lapse in coverage.
• E) Is an update of the Consolidated Omnibus Budget Reconciliation Act of 1986.

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Definitions:

Seed Stage

An early phase of a startup's lifecycle where the focus is on product development and initial market research, often funded by seed capital.

Capital Commitments

Obligations of a company to spend capital in the future for the purchase of assets or for investment purposes.

Entrepreneurial Team

A group of individuals with complementary skills and a shared vision, working together to launch and develop a new business venture.

Economically Viable

An initiative, project, or business is considered economically viable if it has the potential to generate enough revenue or benefits to cover its expenses and provide a return on investment.