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Definitions (56)
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Advance Premium Tax Credit
The Affordable Care Act provides a tax credit to help you afford health coverage purchased through the Connect for Health Colorado marketplace. Advance payments of the tax credit can be used right awa [..]
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Authorization number
An Authorization Number is used by Connect for Health Colorado to let an individual shop for private health insurance on the Connect for Health Colorado Marketplace with financial assistance (tax cred [..]
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Authorized Representative
An Authorized Representative is either a person or an organization that you trust and let fill out your application, talk about this application with us, see your information, get information about yo [..]
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Benefits
The health care items or services covered under a health insurance plan. Covered benefits and excluded services are defined in the health insurance plan’s coverage documents. In Health First Colorado [..]
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Co-insurance
Your share of the costs of a covered health care service, calculated as a percent (for example, 20%) of the allowed amount for the service. You pay co-insurance plus any deductibles you owe. For examp [..]
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Co-payment
A fixed amount (for example, $15) you pay for a covered health care service, usually when you get the service. The amount can vary by the type of covered health care service.
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COBRA
A Federal law that may allow you to temporarily keep health coverage after your employment ends, you lose coverage as a dependent of the covered employee, or you experience another qualifying event. I [..]
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cost sharing
The share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, co-insurance, and co-payments, or similar charges, but it doesn’t include pr [..]
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DEDUCTIBLE
The amount you owe for health care services your health insurance or plan covers before your health insurance or plan begins to pay. For example, if your deductible is $1,000, your plan won’t pay anyt [..]
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Deduction
A deduction is an amount you can take off of the total amount you earn (gross income). Common deductions include alimony and student loan interest. We do not need you to tell us about things like char [..]
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