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.
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.
3.
Paying for healthcare on your own can be much more expensive because _______ negotiate discounts from hospitals and healthcare providers, so they pay less.
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Insurance companies. By negotiating discounts from hospitals and healthcare providers, insurance companies pay less for services than you would pay on your own without insurance.
4.
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.
5.
Qualifying for medical assistance is based on a number of criteria, including _______.
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Your income. Medicaid takes several factors into consideration to determine whether you or family qualifies, including your income, family size and medical conditions.