Category: FAQ
What does PD mean in health insurance plans?
“To sum it up…” PD means ”prescription drug benefits” Medicare Part D authorizes prescription drug benefits...
What is a copay in health insurance?
Key Takeaways A health insurance copay is a fixed dollar amount that a beneficiary is required to pay out-of-pocket in order to receive c...
What does subsidy mean in health insurance?
“To sum it up…” Subsidies are features of Obamacare that make insurance more affordable Premium tax credits are subsidi...
What does HIP mean in healthcare?
“To sum it up…” HIP stands for “Health Insurance Plan” Obamacare uses qualified health insurance plans Open...
What is coinsurance in health insurance?
“To sum it up…” Coinsurance is the consumer’s share of the agreed insurance benefit Coinsurance occurs after the custom...
How do I change my health insurance when moving...
“To sum it up…” The type of plan will determine if it can be used elsewhere Some plans cannot be transferred Do not wai...
What is meant by EPO in health insurance?
“To sum it up…” There are many types of managed healthcare organizations The EPO is a type of managed care organization...
What is the Health Insurance Portability and Ac...
“To sum it up…” The Health Insurance Portability and Accountability Act of 1996 protections for customers regardless of...
Why do all health insurance plans have a deduct...
“To sum it up…” Deductibles are a consumer’s initial out-of-pocket expense Deductibles lower insurance premiums D...
