American Health Benefit Exchange definition
Examples of American Health Benefit Exchange in a sentence
This Act shall be known and may be cited as the American Health Benefit Exchange Act.
A State shall use amounts awarded under this subsection for activities (including plan- ning activities) related to establishing an American Health Benefit Exchange, as de- scribed in subsection (b).
The term ‘‘Exchange’’ means an American Health Benefit Exchange established under section 18031 of this title.
Assist with the first year of planning for design and implementation of a federally mandated American Health Benefit Exchange.
The purpose of this Act is to provide for the establishment of an American Health Benefit Exchange to facilitate the purchase and sale of qualified health plans in the individual market in this State and to provide for the establishment of a Small Business Health Options Program (SHOP Exchange) to assist qualified small employers in this State in facilitating the enrollment of their employees in qualified health plans offered in the small group market.
A plan that is subject to the requirements of the federal Affordable Care Act and offered in this State by a carrier, including, but not limited to, a qualified health plan offered on an American Health Benefit Exchange or a SHOP Exchange established pursuant to the federal Affordable Care Act, is a health plan for purposes of this chapter.[PL 2011, c.
Oversight of plans offered on the American Health Benefit Exchange and the SHOP Exchange1.
The law also included new consumer protections to prohibit discrimination in the underwriting and rate setting process and establish medical loss ratio (MLR) standards. Alongside the ACA’s goals of better state regulation of health insurance, a key provision of the ACA required all states to participate in an American Health Benefit Exchange as of January 1, 2014.
A qualified health plan, to be offered through the new American Health Benefit Exchange, must provide essential health benefits which include cost sharing limits.
A plan that is subject to the requirements of the federal Affordable Care Act and offered in this State by a carrier, including, but not limited to, a qualified health plan offered on an American Health Benefit Exchange or a SHOP Exchange established pursuant to the federal Affordable Care Act, is a health plan for purposes of this rule.