Under the Patient Protection and Affordable Care Act of 2010

question 24

Multiple Choice

Under the Patient Protection and Affordable Care Act of 2010, which of the following is NOT correct?

• A) Requires new health care plans to allow adult children to remain on their parents' insurance policy until age 26.
• B) Most insurers must provide preventive care screenings without charging deductibles or co-pays.
• C) Employers must offer continuing coverage through COBRA for up to 24 months after you leave your job.
• D) Prohibits denying coverage to children with preexisting medical conditions.
• E) Expands the Medicaid program for the nation's poorest individuals.

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Definitions:

Loan Payment

A payment made to reduce the outstanding balance of a loan, often made on a monthly basis.

Compounded Monthly

Pertains to the frequency in which interest earnings are added to the principal investment amount, occurring every month.

Monthly Payment

Monthly payment is the amount of money paid each month towards the repayment of a loan, mortgage, or other financial obligation.

Loan

Money borrowed that is expected to be paid back with interest.