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Federal Medical Assistance Percentage (FMAP)

The total percent of a state’s Medicaid expenses that are paid for by the federal government. This percentage can vary from 50 percent to 83 percent. The FMAP for beneficiaries made eligible by the Affordable Care Act’s voluntary Medicaid expansion provisions will be 100 percent initially, scaling back to 90 percent in future years.

Administrative Services Only (ASO)

A type of insurance plan where the employer pays the actual costs of insurance claims while the insurance company is only responsible for administering the…