Final answer:
The statement regarding essential benefits on health policies having no annual or lifetime limits, as mandated by the ACA, is true. This ensures continuous coverage for essential health services without the concern of reaching a payment cap. Employer mandates also help in extending health coverage to more Americans.
Step-by-step explanation:
The statement that essential benefits without annual or lifetime limits are required on any health policy purchased can be considered true. This requirement was part of the reforms introduced by the Patient Protection and Affordable Care Act (ACA) in 2010, often referred to as Obamacare. Under the ACA, health insurance plans are prohibited from imposing annual or lifetime limits on the coverage of essential benefits. This means that for any insurance policy purchased through the state marketplaces or otherwise compliant with the ACA, insurers cannot cap the amount they will pay for covered benefits over the course of a year or over the lifetime of the policyholder.
Furthermore, the employer mandate under the ACA requires all employers with more than 50 employees to offer health insurance to their employees. This ensures that many working Americans have access to health coverage. While the individual mandate provision requires that everyone in the United States have some form of health insurance or pay a penalty, which helps to spread the cost of healthcare across a wider population including healthier individuals.