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

Mercy Medical Center again verified as a Level II Trauma Center by American College of Surgeons

The Trauma Center at Mercy Medical Center Emergency Services has again been verified as a Level II Trauma Center by the Verification Review Committee (VRC), an ad hoc committee of the Committee on Trauma (COT) of the American College of Surgeons (ACS). This achievement recognizes Mercy’s dedication to providing optimal care for injured patients.[More]

tags: Mercy Medical Center, health care

Foundations host 14th annual women religious conference

The Sisters of Charity Foundations of South Carolina and Cleveland recently hosted more than 80 participants, including 60 women religious from seven states, at the 14th annual Collaboration for Ministry Initiative (CMI) Conference in Myrtle Beach, South Carolina. Five sisters from the Sisters of Charity of St. Augustine (CSA) Sisters attended the conference.[More]

tags: Sisters of Charity Foundation of Cleveland, Sisters of Charity Foundation of South Carolina, Foundations, Sisters of Charity of St. Augustine

The Heart of Regina Health Center: Sister Rosemarie Robinson, OP, set the stage more than 25 years ago

Regina Health Center (RHC) has been celebrating its 25th anniversary throughout 2018. The most recent issue of "The Heart of Regina Health Center" newsletter documented some of those celebrations and has been providing a history of RHC. Sister Rosemarie Robinson, OP, was one of many who helped lay the foundation for RHC more than a quarter century ago and is now a resident at RHC. Her story and much more appears in the fall newsletter.[More]

tags: Regina Health Center, health care

Mercy Service League’s 2018 Harvest Ball raises funds to purchase more germ-zapping robots

Mercy Service League held its 2018 Harvest Ball on October 20 at the Canton Memorial Civic Center Auditorium, raising more than $280,000 with proceeds benefiting the purchase of two Xenex LightStrike™ Germ-Zapping Robots™ for Mercy Medical Center. Nearly 400 guests attended this year’s Harvest Ball, Amore Amalfi, a vintage Italian-inspired evening.[More]

tags: Mercy Medical Center, health care

Sisters of Charity Foundation of South Carolina welcomes Nuns on the Bus tour

The Nuns on the Bus tour is making its way across America and recently stopped in South Carolina, where staff from the Sisters of Charity Foundation of South Carolina joined them, U.S. Rep Jim Clyburn and more for a roundtable discussion about the challenges facing South Carolinians as well as the state’s assets.[More]

tags: Sisters of Charity Foundation of South Carolina, Foundations