Question

True or False: 1) Employees have different preferences when it comes to health insurance coverage. The...

True or False:

1) Employees have different preferences when it comes to health insurance coverage. The premium paid by employees sorts employees into the plan or preferred choice of coverage; higher premiums purchase more coverage or add dependents to the policy.

2) The ACA regulates HSAs by controlling what benefits are covered by an HSA plan, and by penalizing non-qualified withdrawals from an HSA

3) Under the ACA; the small group market is exempt from the "pay or play" employer mandate, meaning that small group employers (under 50 full-time equivalents) are not required to offer health insurance.

4) If tax credits are added to existing tax rules, some people with employer-sponsored coverage will drop that coverage and take individual coverage through the tax credits, this scenario ties only to government plans and is called crowd-funding.

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Answer #1

1, True
Employee contribution on the premium that they have to pay health insurance for your coverage if high premium involved it is better off finding a plan towards your policy.
2, True
Health savings accounts(HSA) used for qualified medical expenses and offer tax advantages by decreasing the tax, non-qualified withdrawal, it means taking HSA money for non-medical use.
3, False
ACA employer shared responsibility employer mandate pay or play provisions that many employers must either offer minimum essential coverage.
4, True
Crowdfunding is a truly charitable count as a donation to pay a person's medical bills or request for donations contributions become taxable income, to be safe government plans track of your income tax by crowdfunding revenue.

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