Final answer:
The restricted annual limit for plans under the ACA varied based on the specific plan and coverage. However, the ACA set maximum out-of-pocket limits for individuals and families to cap the amount of money spent on healthcare services.
Step-by-step explanation:
The restricted annual limit for plans under the ACA, beginning January 1, 2014, was not a fixed amount. Instead, it was determined by the insurance companies and varied based on the specific plan and coverage.
However, the ACA did set maximum out-of-pocket limits for individuals and families, which were meant to cap the amount of money that people had to spend on healthcare services within a given year.
For 2021, the maximum out-of-pocket limits under the ACA are:
Individual plans: $8,550
Family plans: $17,100
These limits include deductibles, copayments, and coinsurance.