Module 7: The Small Group And Individual Insurance Markets Flashcards
(14 cards)
The ACA excludes firms with less than ______ employees from the requirement to offer insurance.
50
The smallest of the smallest business were groups less than _____ were less likely to offer coverage.
10
Firms that do not offer FSAs. A still helper employee insurance premiums from taxes by establishing a ____________.
Premium only plan
What are captive agents?
Agents that represent a single firm
Agents that represent several insurers are called?
Brokers
ACA requires the exchanges to provide ________ whose role was to help individuals and small businesses understand plan and coverage options and identify eligibility for subsidies.
Navigators
Groups of small employers who come together and pool their employees into a larger group, seeking lower premiums that large groups enjoy
Coalition
Nationwide insurance plans that sell coverage to small employers. Except from state insurance regulation and may sell coverage more cheaply.
Association health plans (AHP)
A coalition is likely to be successful if it is able to combine small groups with _________ claims experience
Similar
ACA allows health-care sharing ministries, sometimes called ____?
Christian health insurance
Participants in a health care sharing ministries do not pay a premium but instead pay ______?
Monthly share amounts
Ministries deal with moral hazard by imposing _______ max payments and an annual unshared amount (deductible)
Lifetime
Short term health plans are limited to _____ days during Obama admin.
90
Under Trump admin in 2018, short term health insurance extended to ______ days
365
