Final answer:
True, the Affordable Care Act (ACA) prohibits employers from placing a lifetime cap on insurance benefits, ensuring continuous coverage for individuals, even with serious or chronic conditions.
Step-by-step explanation:
True. Under the Affordable Care Act (ACA), employers can no longer place a lifetime cap on the insurance benefits you receive. This provision ensures that individuals with serious illnesses or chronic conditions do not run out of insurance coverage. Furthermore, the ACA provides protections for those with preexisting conditions, removes annual and lifetime limits on payments by insurance companies, and allows children to stay on their parents' policy until the age of 26.
The employer mandate within the ACA requires all employers with more than 50 employees to offer health insurance to their workers. These policies not only help to increase the number of insured Americans but also work to prevent significant personal financial crises that could occur if insurance benefits were capped. An estimated 32 million uninsured Americans are expected to receive coverage under the law.