Word of the day

Wednesday, April 29

Health Insurance Exchange

A health insurance exchange is a market where a individuals select their health insurance coverage. Exchanges can be private, like those used by private companies for their employees, or they can be public, like the ACA’s state-based insurance exchanges that allow individuals to select coverage and receive income-based subsidies if they qualify.

Monday, April 27

Malpractice Insurance

Insurance for doctors and health care providers that covers the cost of malpractice lawsuits.

Friday, April 24

Extended Care Facility (ECF)

Health care facility for patients who require long term care.

Tuesday, April 21

Kaiser Subsidy Calculator

An online tool developed by the Kaiser Family Foundation which calculates one’s ACA exchange insurance subsidy based on one’s income.

Monday, April 20

Adjudication

Administrative process for reviewing insurance claims

Friday, April 17

Section 125 Plan

A plan that allows for employees to pay for health insurance premiums and receive certain benefits on a pre-tax basis.

Thursday, April 16

Vertical Integration

Control of a large portion of the supply chain for a product. As it applies to health care, companies might control insurance, hospitals, and clinics.

Wednesday, April 15

Tax on High-Cost Insurance

A new tax, beginning in 2018, also known as the "Cadillac Tax" that applies only to individual insurance plans that cost over $10,200 or family plans that cost over $27,500.

Monday, March 2

Dual Eligibles

Medicare Part A and/or B recipients who either qualify for Medicare Savings Program or qualify for Medicaid benefits.

Friday, February 27

Obamacare

Commonly used political shorthand for the Patient Protection and Affordable Care Act, the 2010 health care reform law signed by President Obama; also referred to as the Affordable Care Act or ACA.

Health Insurance Premium Subsidies

Tax credits available to families and individuals purchasing health insurance on the exchanges established by the Affordable Care Act if income falls between 100% and…