y Act of 1935 set up which two programs? (The Social Security Act of 1935) . Retirement income & unemployment insurance Medicare & disability insurance e. Disability insurance & retirement income d. Unemployment insurance& Medicare 16. What two amendments to the 1935 Social Security Act were enacted in 1965? a. Unemployment Insurance and Medicare b. Medicare and the ACA c. Medicare and OASDI (Old age, survivor and Disability Insurance d. OASIDI and the ACA This consumer-driven health care option allows employees to contribute pre-tax wages annually to pay for qualified medical expenses, but they will lose the balance not used at year's end. (Consumer-Driven Health Care) 17. a. Flexible spending accounts b. Health reimbursement arrangements c. Health savings accounts d. Flexible savings accounts 18. The loss ratio of care payment/premium is stated correctly in all of the flowing except: About 95% for the Uplan Required to be 80% or 85% under the ACA c. Is lower in a well-managed plan d. Is higher in a well-managed plan 19. The ACA standards for health care plans: a. Apply only to plans purchased through a state or federal exchange. b. Apply to plans purchased through a federal exchange c. Apply only to group plans. d Are universal standards that apply to exchange purchased plans and group plans alike 20. Under an employer sponsored health plan the affordable care Act measure of affordability is unaffordable if a. The loss ratio drops below 80%. b The expense ratio must not exceed 1 5% C. Employee share of lowest cost single is greater than 969% of household income d. The premium paid by employees must not be greater than 20% of the total premium