Glossary
Tags
- ACA
- ACA Marketplace
- ACA subsidies
- CHIP
- CMS
- ESRD
- Extra Help
- FMAP
- FPL
- FQHC
- FSA
- HCBS
- HMO
- HRA
- HSA
- IEP
- IRMAA
- Joint Commision
- KFF
- LCD
- LIS
- Marketplace
- Medicaid
- Medicaid (rare)
- Medicaid expansion
- Medicare
- Medicare Advantage
- Medicare Part A
- Medicare Part B
- Medicare Part D
- Medicare coordination
- Medigap
- NCD
- NEMT
- NOMNC
- Original Medicare
- PCP
- Part A
- Part B
- Part C
- Part D
- QLE
- QMB
- SEP
- SNF
- SNP
- SSI
- Section 1115
- Silver Plan
- Silver plan
Grace Period
The extra time given to policyholders to pay their health insurance premiums after the due date. During the grace period, coverage continues, but failure to pay by the end of the grace period may result in termination of coverage. This applies to ACA, Medicare, and Medicaid plans.
The extra time given to policyholders to pay their health insurance premiums after the due date. During the grace period, coverage continues, but failure to pay by the end of the grace period may result in termination of coverage. This applies to ACA, Medicare, and Medicaid plans.
Insurance Premium
The amount paid, often monthly, for health insurance coverage. Premiums are required to maintain enrollment in programs like ACA Marketplace plans, Medicare, Medicaid, and private health insurance.
The amount paid, often monthly, for health insurance coverage. Premiums are required to maintain enrollment in programs like ACA Marketplace plans, Medicare, Medicaid, and private health insurance.
Income-Related Monthly Adjustment Amount (IRMAA)
An additional charge added to Medicare Part B and Part D premiums for beneficiaries with higher incomes. IRMAA is determined based on the beneficiary’s modified adjusted gross income (MAGI).
An additional charge added to Medicare Part B and Part D premiums for beneficiaries with higher incomes. IRMAA is determined based on the beneficiary’s modified adjusted gross income (MAGI).
Premium
The monthly amount paid for health insurance coverage. Premiums are required for plans offered under the ACA Marketplace, Medicare, Medicaid (in some states), and CHIP.
The monthly amount paid for health insurance coverage. Premiums are required for plans offered under the ACA Marketplace, Medicare, Medicaid (in some states), and CHIP.