In: Accounting
Calvin Albright is 69 years old and married. He and his wife, Betty, are both U.S. citizens with valid Social Security numbers. Calvin retired in 2015. He received $7,000 in Social Security payments in 2017. Betty, who is 60 years old, was unemployed for four months of 2017, but started a new job and received full health insurance coverage from her employer for the remaining 8 months. Betty received unemployment compensation and wages totaling $30,000 for 2017. Betty did not have any health insurance coverage during the time she was unemployed. Calvin had Medicare Parts A and B coverage all year.
1. Calvin has qualifying health insurance coverage (also known as minimum essential coverage) as defined under the Affordable Care Act.
True or false
True.
Calvin had medicare part A coverage all through the year which qualifies as minimum essential coverage under Affordable health care Act.
Part B coverage does not qualfy by itself as minimum essential coverage.