Word of the day View More

Thursday, January 29

Payment Bundling

A mechanism of provider payment where providers or hospitals receive a single payment for all of the care provided for an episode of illness, rather than per service. Total care provided for an episode of illness may include both acute and post-acute care.

Wednesday, January 28

Section 125 Plan

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

Tuesday, January 27

Elimination Period

Time between when a policy holder is disabled and when insurance begins to pay out - also known as the Qualifying Period.

Monday, January 26

Qualified Health Plan (QHP)

Health insurance plans that are certified by HHS to be sold on the state or federal exchanges, these plans will meet all of the ACA insurance market requirements.

Friday, January 23

Premium Subsidies

A fixed percentage of the premium cost that helps individuals purchase health coverage on the new health insurance exchanges.

Universal Coverage

Refers to a system under several health care reform proposals that would offer health care coverage to all Americans.