Planning Beginner: Paying for Health Care

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1.
The size of subsidies under the Affordable Care Act depend upon _______.
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Your family's income and size. The amount of subsidy will depend on these two factors.
2.
Insurance companies cannot refuse to cover consumers with pre-existing conditions.
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True. The Affordable Care Act requires insurance companies to offer insurance coverage to consumers, regardless of pre-existing conditions.
3.
With a bronze or silver health insurance plan, premiums are likely to be _______ those of a gold or platinum plan.
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Lower than. Bronze and silver plans have higher deductibles and out-of-pocket maximums than gold and platinum plans with lower premiums.
4.
Medical assistance is a _______ health insurance program for low income Americans.
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Government. The federal government and the states jointly run the Medicaid or medical assistance program.
5.
Unpaid medical bills are a leading cause of bankruptcy.
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True. Unpaid medical bills, frequently caused by lack of health insurance, are a leading cause of bankruptcy.