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ACA Marketplace

An online platform where individuals can shop for, compare, and purchase health insurance plans offered under the ACA. It offers tiered plans (Bronze, Silver, Gold, Platinum) with varying coverage levels and costs.

An online platform where individuals can shop for, compare, and purchase health insurance plans offered under the ACA. It offers tiered plans (Bronze, Silver, Gold, Platinum) with varying coverage levels and costs.

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Annual Enrollment Period (AEP)

A yearly period (October 15 to December 7) when Medicare beneficiaries can make changes to their health and prescription drug coverage, including switching between Medicare Advantage plans or enrolling in Medicare Part D.

A yearly period (October 15 to December 7) when Medicare beneficiaries can make changes to their health and prescription drug coverage, including switching between Medicare Advantage plans or enrolling in Medicare Part D.

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Automatic Enrollment

The process by which individuals are automatically enrolled in a health insurance plan, often through programs like Medicare when they reach age 65 or when they begin receiving Social Security benefits.

The process by which individuals are automatically enrolled in a health insurance plan, often through programs like Medicare when they reach age 65 or when they begin receiving Social Security benefits.

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Enrollment Period

The designated time frame during which individuals can sign up for or make changes to their health insurance coverage. Medicare has an Annual Enrollment Period, and the ACA Marketplace has an Open Enrollment Period.

The designated time frame during which individuals can sign up for or make changes to their health insurance coverage. Medicare has an Annual Enrollment Period, and the ACA Marketplace has an Open Enrollment Period.

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Voluntary Disenrollment

The process by which an individual chooses to leave a health insurance plan, such as Medicare Advantage, Medicare Part D, or a Medicaid managed care plan. Beneficiaries may disenroll during the appropriate enrollment periods or under special circumstances.

The process by which an individual chooses to leave a health insurance plan, such as Medicare Advantage, Medicare Part D, or a Medicaid managed care plan. Beneficiaries may disenroll during the appropriate enrollment periods or under special circumstances.

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