Question

Paige is 64 years old and would like to retire from her job at a large accounting firm. She, however, is concerned about health insurance. She would not be eligible for Medicare benefits until age 65, and due to some serious health conditions, she would not be able to obtain insurance in the private market. She has good health insurance at the accounting firm and is considering putting off her retirement so that she can keep it.
Which of the following would likely enable Paige to keep her insurance with the accounting firm until she is eligible for Medicare?A) The Health Insurance Portability and Accountability ActB) The Consolidated Omnibus Budget Reconciliation ActC) The Employee Security ActD) The Insurance Protection Act

Answer 1

Answer:

B)The Consolidated Omnibus Budget Reconciliation Act

Explanation:

We are informed about Paige, a 64 years old who would like to retire from her job at a large accounting firm. And she is concerned about health insurance. She would not be eligible for Medicare benefits until age 65, and due to some serious health conditions, she would not be able to obtain insurance in the private market. She has good health insurance at the accounting firm and is considering putting off her retirement so that she can keep it.

In case Paige want to keep her insurance with the accounting firm until she is eligible for Medicare, The law that would likely enable is the Consolidated Omnibus Budget Reconciliation Act.

The Consolidated Omnibus Budget Reconciliation Act by U.S Congress was signed into law in 1985 by President Ronald Reagan.It enables employee of an organization to enjoy the benefits that comes with their Heath insurance even after they are not working in the organization again.