Individual medical expense insurance sold in the Health Insurance Marketplace is characterized by which of the following?

Question

Quizplus · Accepted Answer

Individual medical expense insurance sold in the Health Insurance Marketplace is characterized by no lifetime benefit limits, which means that there is no limit to the amount of money an insured person can receive in benefits over their lifetime. This is a key feature of the Affordable Care Act (ACA) and distinguishes it from pre-ACA policies that often had lifetime maximums. While there are some exclusions and restrictions on coverage, the range of benefits is generally broad and includes preventive care, hospitalization, and prescription drugs. First-dollar coverage, which means that there is no deductible or coinsurance, is not a characteristic of most marketplace plans.

Individual Medical Expense Insurance Sold in the Health Insurance Marketplace