Glossary of Health Coverage and Medical Terms Page 3 of 6 In-network Coinsurance Your share (for example, 20%) of the allowed amount for covered health care services. Your share is usually lower for in-network covered services. In-network Copayment A fixed amount (for example, $15) you pay for covered health care services to providers who contract with your health insurance or plan. In-network copayments usually are less than out-of-network copayments. Marketplace A marketplace for health insurance where individuals, families and small businesses can learn about their plan options; compare plans based on costs, benefits and other important features; apply for and receive financial help with premiums and cost sharing based on income; and choose a plan and enroll in coverage. Also known as an Exchange. The Marketplace is run by the state in some states and by the federal government in others. In some states, the Marketplace also helps eligible consumers enroll in other programs, including Medicaid and the Childrens Health Insurance Program (CHIP). Available online, by phone, and in-person. Maximum Out-of-pocket Limit Yearly amount the federal government sets as the most each individual or family can be required to pay in cost sharing during the plan year for covered, in-network services. Applies to most types of health plans and insurance. This amount may be higher than the out-of- pocket limits stated for your plan. Medically Necessary Health care services or supplies needed to prevent, diagnose , or treat an illness, injury, condition, disease, or its symptoms, including habilitation, and that meet accepted standards of medicine . Minimum Essential Coverage Minimum essential coverage generally includes plans , health insurance available through the Marketplace or other individual market policies, Medicare, Medicaid, CHIP, TRICARE, and certain other coverage. If you are eligible for certain types of minimum essential coverage, you may not be eligible for the premium tax credit. Minimum Value Standard A basic standard to measure the percent of permitted costs the plan covers. If youre offered an employer plan that pays for at least 60% of the total allowed costs of benefits, the plan offers minimum value and you may not qualify for premium tax credits and cost-sharing reductions to buy a plan from the Marketplace. Network The facilities, providers and suppliers your health insurer or plan has contracted with to provide health care services. Network Provider (Preferred Provider) A provider who has a contract with your health insurer or plan who has agreed to provide services to members of a plan . You will pay less if you see a provider in the network . Also called preferred provider or participating provider. Orthotics and Prosthetics Leg, arm, back and neck braces, artificial legs, arms, and eyes, and external breast prostheses after a mastectomy. These services include: adjustment, repairs, and replacements required because of breakage, wear, loss, or a change in the patients physical condition. Out-of-network Coinsurance Your share (for example, 40%) of the allowed amount for covered health care services to providers who dont contract with your health insurance or plan. Out-of- network coinsurance usually costs you more than in- network coinsurance. Out-of-network Copayment A fixed amount (for example, $30) you pay for covered health care services from providers who do not contract with your health insurance or plan. Out-of-network copayments usually are more than in-network copayments. Out-of-network Provider (Non-Preferred Provider) A provider who doesnt have a contract with your plan to provide services. If your plan covers out-of-network services, youll usually pay more to see an out-of-network provider than a preferred provider. Your policy will explain what those costs may be. May also be called non-preferred or non-participating instead of out- of-network provider.