Which of the Following Is Not Part of the "Regulation

question 183

Multiple Choice

Which of the following is not part of the "regulation of health insurance" provision of the Patient Protection and Affordable Care Act (ACA) ?

• A) Individuals with pre-existing medical conditions will be able to acquire health insurance.
• B) All policies must provide coverage for dependent children up to age 26.
• C) Lifetime dollar maximums on coverage will be prohibited.
• D) Limits on the size of deductibles and on waiting periods before coverage takes effect will be eliminated.

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Definitions:

Freight-In

Freight-in refers to the shipping cost associated with getting goods delivered from suppliers to the buyer, often included in the inventory cost of purchased goods.

Sales Returns

Goods returned by buyers after sale due to defects, dissatisfaction, or other reasons, which are deducted from total sales revenue.

Unearned Revenue

Money received by an entity for a service or product yet to be provided or delivered.

Periodic Inventory System

An inventory accounting system where updates are made to inventory levels and cost of goods sold at specific periods.