Definition Of Qualified Health Plan

Every health plan on your state s marketplace has to be a qualified health plan.

Definition of qualified health plan. Under the affordable care act aca a qualified health plan qhp is an insurance plan that is certified by the health insurance marketplace and meets aca requirements such as coverage of essential health benefits. The same basic rules apply to plans sold both in and out of the exchanges. Qualified health plan means a health plan that satisfies the definition of a qualified health plan set forth in the federal patient protection and affordable care act p l. Under the aca the designation of qualified health plan qhp is given to health insurance plans that are sold in the marketplace exchange.

Qualified health plan qhp is a type of health insurance plan under which a self insured employer elects to set up its own managed care program. A recent study conducted by ehealth of customers purchasing qualified health plans through ehealth s exchange access provides insight into the average premium costs and trends in plan choice during the 2020 open enrollment period. Qualified health plan qhp law and legal definition. Qhp offers high quality medical care and timely access to medical services.

Service under qhp is provided by the health care providers from a list. The average premiums reported below. Qualified health plans vs. Other health plans cost of qualified health plans.