Certified Application Counselor Practice Test

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Study for the Certified Application Counselor Test. Improve with flashcards and multiple choice questions, with hints and explanations. Get ready for your exam!

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Are Advance Premium Tax Credits (APTC) and Cost-sharing Reductions (CSRs) available through the SHOP Marketplace?

Yes, for all participants
No, they are not available
Only for small businesses
Only for non-profit organizations

The correct answer is: No, they are not available

Advance Premium Tax Credits (APTC) and Cost-sharing Reductions (CSRs) are designed to assist individuals and families in affording health coverage obtained through the individual Marketplace. These financial assistance programs help lower the cost of premiums and out-of-pocket expenses for eligible applicants. In the case of the Small Business Health Options Program (SHOP) Marketplace, these programs are not available. The SHOP Marketplace is intended for small businesses to provide health insurance coverage to their employees, and while it offers a variety of plans, it does not feature APTC or CSRs like the individual Marketplace does. This distinction is fundamental to understanding the functionality and purpose of these two marketplaces, where APTC and CSRs specifically aim to support individuals purchasing coverage on their own rather than through employer-sponsored plans. Thus, the correct response highlights the nature of the SHOP Marketplace and the absence of APTC and CSRs within that context.