2023 Essential Plan: Eligibility Factor

2023 Essential Plan: Eligibility Factor

Essential plan – The Essential Plan is a NY State sponsored program developed to provide health insurance to international students with no income. It also offers quality health insurance to working adults with lower incomes who do not qualify for Medicaid....
Key terms to better understand your Health Insurance

Key terms to better understand your Health Insurance

There are three types of out-of-pocket costs for health insurance: Copays, Coinsurance and Deductibles. Our goal is to get you familiar with these terms and help you better understand your health coverage and costs. Copay is a predetermined rate you pay for health...
What does maximum out-of-pocket (MOOP) mean?

What does maximum out-of-pocket (MOOP) mean?

The maximum out-of-pocket (MOOP) provision requires that plans include a limit on the amount of money customers spend out of pocket on health services in a given year. This applies to all non-grandfathered, individual, small group, and large group customers, whether...
What are the available premium tax credits (subsidies)?

What are the available premium tax credits (subsidies)?

Advance Premium Tax Credit (APTC) The ACA’s advance premium tax credit (APTC) subsidies are only available to qualified individuals purchasing coverage through health insurance exchanges and are based on the purchase of the Silver (70%) plan. The law creates sliding...