Sentences with phrase «minimum essential coverage»

The good news about this type of coverage: if your parent or spouse gets coverage through his or her job, it almost certainly counts as minimum essential coverage.

However, short - term insurance plans are not considered minimum essential coverage.

Loss of minimum essential coverage is a qualifying event that allows a special enrollment.

All of the health insurance plans sold through the exchange will meet the rules for minimum essential coverage.

In order to avoid the penalty (unless you're exempt from it), you have to maintain minimum essential coverage.

Under the ACA, anyone who does not maintain health insurance that is deemed minimum essential coverage must pay a penalty, unless they qualify for an exemption.

It's important to note that plans can be considered minimum essential coverage even if they're not compliant with the ACA.

But if you still have coverage under these plans, you've got minimum essential coverage (and major medical coverage), and are not subject to the ACA penalty.

Short - term medical plans do not qualify as minimum essential coverage.

If you have an individual health plan, your insurer can tell you if your current policy meets the definition of minimum essential coverage.

So plans that are designed to supplement other coverage, or to provide only limited benefits, are not considered minimum essential coverage.

Stand - alone drug plans do not count as minimum essential coverage under the ACA, so if you're uninsured and have a prescription insurance or discount plan, you'd still be on the hook for the ACA's individual mandate penalty, assuming you're not exempt.

One commenter requested restricting the eligibility of the special enrollment period for gaining access to new QHPs as a result of a permanent move to only consumers who were previously enrolled in other minimum essential coverage, and only allowing the new dependent to enroll in or change his or her enrollment into a new QHP under the special enrollment period described in paragraph (d)(2).

To avoid tax penalties, these plans offer minimum essential coverage required by the Affordable Care Act.

Health insurance with minimum essential coverage is mandatory for all US citizens, permanent residents, and green card holders who do not qualify for an exemption.

The Centers for Medicare & Medicaid Services (CMS) is accepting applications from organizations seeking minimum essential coverage recognition for their health plans or policies.

Plans that qualify as minimum essential coverage include employer - sponsored plans, individual major medical plans (including new ACA - compliant plans, grandfathered plans, and grandmothered plans), TRICARE, Medicare, most Medicaid plans, and CHIP, among others.

To avoid tax penalties, these plans offer minimum essential coverage required by the Affordable Care Act.

The terms minimum essential coverage and minimum value both stem from the ACA, and are sometimes conflated.

Under the health care reform law, all people must have minimum essential coverage beginning January 1, 2014.

Another commenter stated that State high risk pools must at least be required to provide minimum value to be recognized as minimum essential coverage after 2015.

It is sold only to individuals who have other health coverage that is minimum essential coverage within the meaning of section 5000A (f) of the Code;

If you do not yet have healthcare, be sure to purchase minimum essential coverage during the healthcare enrollment period to avoid becoming subject to the ObamaCare tax penalty fee.

The Affordable Care Act also requires all health insurance plans to provide a standard set of benefits called minimum essential coverage, outlined below:

If you are a U.S. citizen, national or legal resident alien in the U.S., you will need to maintain minimum essential coverage unless you are exempt.

Comment: Commenters were divided in their support for or opposition to the addition of a prior minimum essential coverage requirement to the special enrollment period for a permanent move at § 155.420 (d)(7).

Again, you can check your plan's Summary of Benefits and Coverage to make sure it meets ACA minimum essential coverage.

Note that in early 2016, HHS eliminated some little - used special enrollment periods that were no longer necessary (for example, the special enrollment period that had previously been available for people whose Pre-Existing Conditions Health Insurance Program (PCIP) had ended; coverage under those plans ended in 2014; but there's still a special enrollment period for anyone whose minimum essential coverage ends involuntarily).

In order to be in compliance with the law you must maintain minimum essential coverage throughout the year, get an exemption, or pay a fee for each month you go without it (although you are allowed less than three months in a row each year without coverage, due to a coverage gap exemption).

Because of these characteristics, short - term health insurance doesn't satisfy the Affordable Care Act's minimum essential coverage mandate; you'll still have to deal with the tax penalty.

New minimum essential coverage and minimum value language, as well as new continuation and appeals / grievance rights language

Part III, April 2 — Clarified final rules for reporting health insurance coverage by large employers and reporting minimum essential coverage by insurers and self - funded employers

Unlike liability coverage, there are very few ways to get out of the mandatory stipulations of minimum essential coverage laws.

Seven Corners» short - term international travel medical products are not a substitute for minimum essential coverage that you may need to have under PPACA.

Health care sharing ministries are also not considered minimum essential coverage, although their members are eligible for an exemption from the ACA's individual mandate penalty.

Those who do not have health insurance with minimum essential coverage must pay the ObamaCare tax penalty fee known as the «individual shared responsibility payment» unless they qualify for an exemption.

Every person who provides minimum essential coverage to an individual during a calendar year shall, at such time as the Secretary may prescribe, make a return described in subsection (b).

Plans that don't count as minimum essential coverage include things like short - term health insurance, accident supplements, critical illness plans (ie, a policy that covers specific diseases only), and limited benefit plans.

You may have heard the term minimum essential coverage, and you may know that it stems from the Affordable Care Act (ACA).

Under health care reform law, all people must have minimum essential coverage beginning January 1, 2014.

Comment: Commenters expressed concerns about current misuse or abuse of special enrollment periods, including consumers who inappropriately obtain a special enrollment period on the basis of a loss of minimum essential coverage after being terminated from coverage due to a failure to pay premiums in violation of § 155.420 (e)(1).

Under PPACA, all U.S. citizens, nationals and resident aliens will be required to purchase minimum essential coverage (PPACA compliant coverage), unless they are exempt.