Question

Which statement is NOT true about coverage under the affordable care act?

a. The insurer is not allowed to impose pre-existing exclusions
b. Lifetime maximum benefits are allowed up to $5,000,000
c. Each insurer must provide four levels of coverage to choose from
d. Those not adhering to the individual mandate for coverage will face a penalty tax

Answer 1

The statement that is NOT true about coverage under the Affordable Care Act (ACA) is that lifetime maximum benefits are allowed up to $5,000,000.

Step-by-step explanation:

The statement that is NOT true about coverage under the Affordable Care Act (ACA) is b. Lifetime maximum benefits are allowed up to $5,000,000.

The ACA prohibits insurance companies from imposing pre-existing exclusions, meaning they cannot deny coverage to people with pre-existing conditions. Each insurer is required to provide four levels of coverage to choose from, known as the metal tiers (Bronze, Silver, Gold, and Platinum). And those who do not adhere to the individual mandate for coverage will face a penalty tax.

Therefore, the correct answer is b. Lifetime maximum benefits are allowed up to $5,000,000.