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Friday, September 19

Risk Corridor

Provision designed to manage unpredictability in the insurance market. Plans with lower than anticipated costs are required to pay a portion of their savings into a fund designated to help plans with higher than anticipated costs.

Thursday, September 18

Family Glitch

An unintended consequence of the Affordable Care Act when an employee is offered affordable ESI through their work place but the coverage offer is not extended to the employees’ family, or is unaffordable for the family. This leaves the employees’ spouse and/or children both ineligible for exchange subsidies and without access to other affordable coverage.

Wednesday, September 17

High-Risk Pool

State programs aimed at offering health insurance to individuals considered uninsurable and unable to buy coverage on the individual market.

Tuesday, September 16

Platinum Plan

The highest actuarial level health plans available through the insurance exchanges, equal to a 90 percent actuarial value. Bronze, Silver, and Gold plans offer lower actuarial values.

Monday, September 15

Elder Justice Act

A Provision of the ACA designed to protect the elderly from being targets of physical or psychological harm within the health care system.

Government Performance Results Act

A federal law that targets waste and fraud in federal programs.