Glossary: Small Business Terms

• A
• B
• C
• D
• E
• F
• G
• H
• I
• J
• K
• L
• M
• N
• O
• P
• Q
• R
• S
• T
• U
• V
• W
• X
• Y
• Z

A

---

B

• Benefit year
• Benefits

---

C

• Claim
• Coinsurance
• Copay

---

D

• Deductible
• Dependent coverage

---

E

• Effective date
• Employer mandate
• Enrollment
• Excluded services

---

F

• Flexible Spending Account (FSA)
• Formulary
• Full-time equivalent (FTE)

---

G

• Guaranteed issue

---

H

• Health care provider
• Health insurance agent
• Health plan categories
• Health Savings Account (HSA)
• HIPAA

---

I

---

J

---

K

---

L

---

M

• Maternity and newborn coverage
• Medical underwriting
• Minimum Essential Coverage (MEC)
• Minimum value

---

N

• Network

---

O

• Open Enrollment Period
• Optional supplemental benefits
• Out-of-pocket costs
• Out-of-pocket maximum

---

P

• Pre-existing condition
• Preventive services
• Primary care physician

---

Q

• Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)

---

R

• Referral

---

S

• Small Business Health Options Program (SHOP)
• Special Enrollment Period (SEP)
• Specialist
• Subsidized coverage
• Summary of Benefits and Coverage (SBC)

---

T

---

U

---

V

---

W

• Waiting period

---

X

• X-ray

---

Y

---

Z

---