Category: Glossary

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Metallic Tiers aka Minimum Coverage / Bronze / Silver / Gold / Platinum

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Platinum / Minimum Coverage / Bronze / Silver / Gold aka Metallic Tiers

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Gold / Platinum / Minimum Coverage / Bronze / Silver aka Metallic Tiers

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Silver / Gold / Platinum / Minimum Coverage / Bronze aka Metallic Tiers

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Bronze / Silver / Gold / Platinum / Minimum Coverage aka Metallic Tiers

Post Obamacare, all health insurance companies have to offer the same metallic tiers.  You can purchase these plans directly from the insurance company OR from your state exchange – but always contact an experienced broker to help you figure it out!  All companies have to offer these policies without a lot of differences (which might… Continue reading Minimum Coverage / Bronze / Silver / Gold / Platinum aka Metallic tiers

All the things your health, disability or Long Term Care insurance plan covers.

What did God say when he created actuaries?  He scratched his head and said “Go figure!”  They took him literally.  Jokes aside, actuaries calculate the percentage that the insurance company covers versus what you cover.  So an 80/20 plan means they pay 80% of expenses and you pay 20%.  That’s the (very) short answer.

This model of health insurance — a government-run health care program — creates one source of payment to providers, which could be State or Federal.   The State or Feds would collect (a lot of!) taxes and federal funds then they decide how to distribute payment to providers of medical services, and they control when you… Continue reading Single Payer

This is the only exception to the Open Enrollment rule.  If you have a QLE, you have a 60 day SEP to buy new individual health insurance or make changes to your existing plan.  Examples of QLE’s include marriage, divorce, birth of a child, moving to a new state, recent immigration to the US, loss… Continue reading SEP/QLE (Special Enrollment Period / Qualifying Life Event)