3
AssignmentMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives

Question 3 • (AG Q4) Financial Literacy: 25-26 (JRush)

Henry is a 70-year old man and is currently hospitalized for a lung condition. He has no private insurance, so it is likely he is covered under _____.

Answer
A
Medicaid
B
ERISA
C
COBRA
D
Medicare

Explanation

Medicare is the federal health insurance program primarily for people age 65 and older. Since Henry is 70, Medicare is the most likely coverage even though he has no private insurance. Medicaid is generally based on low income and other eligibility rules, while ERISA and COBRA concern employer-sponsored insurance.

AI-written and checked against the verified answer.

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