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Health Insurance Glossary

Definitions for common health insurance terms

health insurance marketplace

DEFINITION: health insurance marketplace – or health insurance exchange – is a key provision of the Affordable Care Act, established to provide a selection of competing providers, each offering different qualified plans. All qualified plans must meet standards established and enforced by the federal government. For instance, participating plans will not be allowed to discriminate against applicants based on health history (pre-existing conditions) or future risk. Competition between the plan providers would, in theory, encourage the providers to improve the quality and pricing of offered plans.

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If I don’t enroll in a plan by the open enrollment deadline, what are my options after that?

If I don’t enroll in a plan by the…

August 14, 2017 – Q. If I don't enroll in a health insurance plan by the end of open enrollment (December 15), what options will I have? A. In most cases,… Read more

Qualifying events that can get you…

April 18, 2017 – Even if you missed the general open enrollment, you could still have an opportunity to enroll in an ACA-compliant plan this year if you… Read more

All about Obamacare's cost-sharing subsidies

The ACA’s cost-sharing subsidies

April 11, 2017 – While the Affordable Care Act's premium subsidies help pay the cost of the health insurance itself, cost-sharing subsidies help to reduce… Read more

How do the health insurance exchanges affect me if I already have insurance from my employer?

How do the health insurance exchanges…

March 29, 2017 – Q: How will the health insurance exchanges affect me if I already have insurance from my employer? A: The marketplace in each state… Read more

Make your health insurance premium payment before the grace period expires!

What happens if I don’t make my…

January 11, 2017 – Q. What happens if I don’t make my premium payment by the end of the grace period?A: If you fail to pay your premiums and exhaust the… Read more