CACs Health Coverage Programs 2

Question 1

Which federal program provides health coverage to people with end-stage renal disease (ESRD) regardless of age?

Accepted Answer

Medicare

Answer

Medicaid

Answer

CHIP

Answer

COBRA

Question 2

Under the ACA, which metal tier plan covers approximately 90% of average healthcare costs?

Accepted Answer

Platinum

Answer

Bronze

Answer

Silver

Answer

Gold

Question 3

A family's Modified Adjusted Gross Income (MAGI) is used to determine eligibility for which programs?

Accepted Answer

Marketplace plans and Medicaid

Answer

Medicare and TRICARE

Answer

COBRA and Medicare

Answer

CHIP and TRICARE

Question 4

What is the purpose of a Special Enrollment Period (SEP)?

Accepted Answer

To permit enrollment outside the standard Open Enrollment Period due to a qualifying life event

Answer

To allow enrollment only during the Open Enrollment Period

Answer

To penalize late enrollees

Answer

To extend premium tax credits beyond the standard period

Question 5

Which program offers coverage to children in families that earn too much for Medicaid but cannot afford private insurance?

Accepted Answer

CHIP

Answer

Medicare

Answer

TRICARE

Answer

Marketplace Platinum plan

Question 6

What is an actuarial value (AV) in the context of Marketplace metal tiers?

Accepted Answer

The percentage of total average costs a plan covers for a standard population

Answer

The monthly premium amount a consumer pays

Answer

The maximum out-of-pocket limit for a plan year

Answer

The deductible amount before the plan pays

Question 7

Which of the following is NOT a qualifying life event that triggers a Special Enrollment Period?

Accepted Answer

Voluntarily dropping existing coverage

Answer

Getting married

Answer

Having a baby

Answer

Moving to a new coverage area