Certified Application Counselor Practice Test

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Prepare for the Certified Application Counselor Test with real-world scenarios and comprehensive quizzes. Study with detailed answer explanations and enhance your understanding to excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Can consumers apply APTC or CSRs to catastrophic plans?

Yes
No
Only in special cases
Only for low income

The correct answer is: No

Consumers cannot apply Advanced Premium Tax Credits (APTC) or Cost-Sharing Reductions (CSRs) to catastrophic plans because these plans are designed specifically for young individuals and those who qualify for a hardship exemption. Catastrophic plans provide lower monthly premiums but come with high deductibles, ensuring that enrollees only use the plan for serious medical needs. APTC and CSRs are intended to make marketplace coverage more affordable, enhancing the benefits of silver plans that are structured to improve access to necessary healthcare, especially for lower-income individuals. Catastrophic plans are not eligible for these premium and cost-sharing assistance programs due to their unique structure and target demographic. Thus, it is essential for consumers to understand that while some plans accommodate assistance, catastrophic plans specifically do not.