Glossary of Terms

Qualified Health Plan (QHP)

Under the Affordable Care Act, a Qualified Health Plan is an insurance plan that has been certified by Washington Healthplanfinder to offer quality insurance. It must provide essential health benefits, follow established limits on cost-sharing (such as deductibles, co-payments, and out-of-pocket maximum amounts), and meet other requirements.

Qualifying Life Event

A change in your life that can make you eligible for a special enrollment period to enroll in health coverage outside a regular open enrollment period. Examples of qualifying life events are: moving to a new state; certain changes in your income; and changes in your family size (for…