Health Insurance Marketplace: Glossary of Terms

Affordable Care Act: 

The comprehensive health care reform law enacted in March 2010. 

Application Assistance: 

There are people available in every state to help consumers understand the enrollment process, their health plan options and the application. These helpers have many different names, but the important thing is that they are there to help consumers. Depending on the state, they may be called navigators, in-person assisters, certified application counselors or something else. No matter what they are called, they are there to provide unbiased assistance. 

Children’s Health Insurance Program (CHIP): 

This program provides health coverage to nearly 8 million children in families with incomes too high to qualify for Medicaid, but too low to afford private coverage. 

Financial Assistance: 

Financial assistance is available to help people pay for health insurance if they enroll in a plan through the Health Insurance Marketplace. For those who qualify for financial assistance, the government pays a portion of health insurance premiums directly to the health insurance companies every month. This lowers the amount of money qualifying people have to pay for health insurance premiums every month. 

Health Insurance Marketplace (Exchange): 

The Health Insurance Marketplace (Exchange) is a way to compare and purchase health insurance plans. Every state has one, and it provides people with choices of insurers and plans that are affordable and in a way that makes it easy to understand and compare them. 

Health Insurance Requirement: 

As part of the health care law, most Americans need to have health insurance. People without health insurance may need to pay a penalty. Uninsured people do not have to pay a penalty if they have very low income and coverage is unaffordable, or for other reasons including religious beliefs. People can apply for a waiver asking not to pay a penalty if they are not automatically exempt. 

Medicaid: 

A state-administered health insurance program for low-income families and children, pregnant women, the elderly, people with disabilities and, in some states, other adults. In January 2014, many states started allowing more people to enroll in Medicaid. A number of states are expanding Medicaid coverage, while several states are not moving forward at this time. To see which states have expanded Medicaid, visit: KFF.org/Medicaid

Medicare: 

A federal health insurance program for people who are age 65 or older and certain younger people with disabilities. 

Open Enrollment Period: 

The period of time when people can enroll in coverage in the Health Insurance Marketplace. The 2016 open enrollment period runs from November 1, 2015, through January 31, 2016. 

 

 

Source: Centers for Medicare & Medicaid Services

Blog Posts From

Sisters of Charity Health System Statement on the Senate's draft health care bill: the Better Care Reconciliation Act

The Sisters of Charity Health System believes families and communities are stronger when everyone has access to quality, affordable health care. Like many in the health care provider community, we stand in opposition to the Senate’s draft health care bill, called the Better Care Reconciliation Act (BCRA). The Senate proposal would have a devastating impact on our nation's most vulnerable populations. According to analysis by the nonpartisan Congressional Budget Office, the BCRA would lead to 22 million more uninsured U.S. residents by 2026. [More]

tags: Advocacy, Catholic Health Association, health care, Mercy Medical Center, St. Vincent Charity Medical Center, Sisters of Charity Health System, Sisters of Charity of St. Augustine, Sister Judith Ann Karam

Reading paves way to new bicycles in Cleveland Central Promise Neighborhood

A dozen first and second graders in Cleveland’s Central neighborhood have new bicycles to enjoy this summer thanks to a program called Read and Ride. Cleveland Central Promise Neighborhood and the Knights of Pythias Owatonna Lodge #62 hosted Read and Ride at the three Cleveland Metropolitan School District elementary schools in the neighborhood.[More]

tags: Promise Neighborhood, Outreach, Sisters of Charity Foundation of Cleveland, Foundations

Sisters of Charity Foundation of South Carolina awards $230,000 in strategic grant funding

The Sisters of Charity Foundation of South Carolina has awarded $230,000 to five strategic grantees for 2017 that are addressing the root causes of poverty in South Carolina. The foundation’s mission to address poverty in all of its forms is reflected in its decision-making around strategic grants.[More]

tags: Sisters of Charity Foundation of South Carolina, Foundations

Joseph’s Home annual benefit luncheon to help ill homeless men heal

Joseph’s Home will hold it signature fundraising event—Perseverance in Hope—Thursday, June 15 at 11:30 a.m. at Windows on the River in Cleveland to raise funds to provide meals, shelter and other care for the acutely ill homeless men who receive temporary shelter there and medical respite to promote healing and long-term self-sufficiency.[More]

tags: Joseph's Home, Outreach

Wanted: Innovative Ideas to Fight Poverty

This spring, a groundbreaking initiative was announced to uncover innovative approaches to fight poverty. The Innovation Mission, an initiative of the Sisters of Charity Foundation of Cleveland in collaboration with Cleveland Leadership Center, is an 18-month fellowship that applies the discipline of innovation to the issue of poverty. [More]

tags: Foundations, Sisters of Charity Foundation of Cleveland