Summary of Benefits Explained
A Basic ExplanationReading the fine print on a health insurance policy is no one’s idea of fun, but it’s definitely worth the effort. Choosing a policy based on the monthly
Provider Networks Explained
A Basic Explanation Your health plan has a list of doctors, facilities, and other providers who are contracted to offer healthcare services to you at an agreed-upon cost. This is
Open Enrollment Period Explained
A Basic Explanation Open enrollment is a window of time when you can sign up for comprehensive health insurance or change your plan. The open enrollment period to buy coverage
Premiums Explained
A Basic Explanation Once you buy a health insurance plan, you'll have to pay a health insurance bill every month. This is your monthly premium. You pay your premium directly
Health Maintenance Organization (HMO) Plans Explained
A Basic Explanation With an HMO, you’ll probably need to select a primary care physician (PCP). Most HMO plans only cover your care if you see a doctor within the
Preferred Provider Organization (PPO) Plans Explained
A Basic Explanation A PPO plan does not require you to select a primary care physician or get a referral to see a specialist. You can see any doctor or
Government Marketplaces Explained
A Basic Explanation You may have heard the term "health insurance marketplace" or "health insurance exchange" in the news lately. It's a key element of the Affordable Care Act (ACA)
Metal Tiers Explained
A Basic Explanation Any health insurance plan you buy is going to pay a portion of your healthcare costs. But how generous will each plan be? What share of your
Medicare Explained
A Basic Explanation Medicare is a health insurance program offered by the federal government that covers many Americans as soon as they celebrate their 65th birthday. It was founded as
Tax Penalties Explained
A Basic Explanation The Affordable Care Act (ACA) requires most Americans to have health coverage. If you’re required to buy health insurance and you don’t buy it, you’ll have to