Affordable Care Act Information and Terms

CHIP                                                             Children's health insurance program

VA                                                                 Veterans affairs

QHP                                                              Qualified health plans

EHB                                                               Essential health benefits

ACA                                                               Affordable care act

SEP                                                               Special enrollment period

HMO                                                             Health maintenance organization

POS                                                               Point of Service

PPO                                                               preferred Provider Organization

FFS                                                               Fee for-service

COBRA                                                         Consolidated Omnibus Budget REconciliation Act

HDHP                                                           High deductible health plan

SBC                                                               Summary of Benefits and Coverage

ACA                                                               Patient Protection and Affordable Care Act  & Health Care and Education Reconciliation Act

FPL                                                                Federal Poverty Level

SHOP                                                            Small Business Health Options Program

SBHCTC                                                       Small Business Health Care Tax Credit   <25 emp FTE < $50k average sal. pay at least 50%

PTC                                                               Premium Tax Credit

MEC                                                              Minimum essential coverage

ISRP                                                              Individual Shared Responsibility Payment  2016>  2.5% or $695, higher

FTE                                                                Full-time Equivalent     ( 30 hours or more per week)

ESRP                                                             Employer Shared Responsibility Payment

HPC                                                               Health Plan Category  Bronze 60%, Silver 70%, Gold 80%, Platinum 90%  & Catastrophic

CMS                                                              Centers for Medicare & Medicaid Services

AV                                                                  Actuarial Values