Qualified Health Plan. A QHP is a major medical health insurance plan that covers all the mandatory benefits of the Affordable Care Act without restriction.

Qualifying Life Event. A QLE is an event resulting in the loss of minimum essential coverage (please note voluntarily terminating any health plan will not be considered a loss of MEC), birth, marriage, divorce, permanent relocation, etc.

Advanced Payment Tax Credit A tax credit you can take in advance to lower your monthly health insurance payment (or “premium”). When you apply for coverage in the Health Insurance Marketplace (in Nevada this is the Health Exchange), you estimate your expected income for the year. If you qualify for a premium tax credit based…

An APTC is a tax you can use in advance to lower your monthly health insurance payment (or “premium”) when you apply for benefits in the Health Insurance Marketplace.

Nevada’s state-specific healthcare marketplace

Qualifying Life Event (QLE) A change in your situation — like getting married, having a baby, or losing health coverage — that can make you eligible for a Special Enrollment Period, allowing you to enroll in health insurance outside the yearly Open Enrollment Period.

A qualified health plan (QHP) is a major medical health insurance plan that covers all the mandatory benefits of the Affordable Care Act (ACA or “Obamacare”)

A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy. Riders provide insured parties with options such as additional coverage, or they may even restrict or limit coverage. There is an additional cost if a party decides to purchase a rider.