Tag: health insurance basics
What is considered a qualifying event to change...
Key Takeaways A qualifying event is a major life event that qualifies you for an Special Enrollment Period, allowing you to make changes ...
When does my health insurance start?
“To sum it up…” Health insurance is essential for everyone at all times Health insurance takes care of medical expenses...
When is it illegal to not have health insurance?
“To sum it up…” The Affordable Care Act was signed in 2010 Those without health insurance coverage may receive penaltie...
When do you need to have health insurance by?
“To sum it up…” January 31, 2017 is the last day to enroll or change your plan for any coverage in the 2017 year, unles...
What does PD mean in health insurance plans?
“To sum it up…” PD means ”prescription drug benefits” Medicare Part D authorizes prescription drug benefits...
What is a copay in health insurance?
Key Takeaways A health insurance copay is a fixed dollar amount that a beneficiary is required to pay out-of-pocket in order to receive c...
What does subsidy mean in health insurance?
“To sum it up…” Subsidies are features of Obamacare that make insurance more affordable Premium tax credits are subsidi...
What does HIP mean in healthcare?
“To sum it up…” HIP stands for “Health Insurance Plan” Obamacare uses qualified health insurance plans Open...
What is coinsurance in health insurance?
“To sum it up…” Coinsurance is the consumer’s share of the agreed insurance benefit Coinsurance occurs after the custom...
How do I change my health insurance when moving...
“To sum it up…” The type of plan will determine if it can be used elsewhere Some plans cannot be transferred Do not wai...
What is meant by EPO in health insurance?
“To sum it up…” There are many types of managed healthcare organizations The EPO is a type of managed care organization...
