Question: The Affordable Care Act ( ACA ) sets a 6 0 % minimum actuarial value for an eligible employer plan. All of the following statements

The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that
The lowest tier of plan allowed by the ACA is bronze.
Employer contributions to health-savings accounts may decrease the minimum actuarial value.
Actuarial value indicates what percentage of covered expense the health plan will pay.
An employee would not pay more than 40% of the covered expenses excluding the premium contribution.

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