Federal Acronyms: Understanding ACA Insurance Documents
This is an Accountable Care Act (ACA) quiz – just because we all like to be in a further state of confusion.
What is ACA?
Easy one right : Accountable Care Act.
What is OC?
That probably wasn’t fair that would be Obama Care the same as ACA (actually that wasn’t on the list)
What is DOL?
I guess everybody knows that’s Department of Labor.
Okay so now that you get the idea of where I’m going with this; consider the next acronym’s that I took from a listing I made when I read a document outlining requirements for the Accountable Care Act. And you need to remember that I got these all from one document. So see how many of these you can figure out. (It took me longer to look up the acronyms than to read the document)
EIDM (the letters actually don’t workout to the definition)
These are six of 37 different acronyms in the document I read. Some of them see frequent usage and others are relatively obscure but all of them can impact your life and the existence of your company as an employer.
Some of the Federal acronyms in ACA:
Agent or broker
Entity or individual licensed by applicable State DOI
Affordable Care Act
Advance Payments of the Premium Tax Credits
Center for Consumer Information and Insurance Oversight (CMS)
Code of Federal Regulations
Controlling Health Plan
Culturally and Linguistically Appropriate Services
Centers for Medicare
Department of Insurance
CMS Enterprise Identity Management
Federally Facilitated Exchanges
Federally-facilitated Individual Marketplace
Federally facilitated Small Business Health Options Program
Federal Tax Information
Department of Health and Human Services
Health Insurance Portability and Accountability Act
Health Insurance Exchanges Program
Health Plan Identifiers
Modified adjusted gross income
Minimum Acceptable Risk Standards for Exchanges
Medicare Learning Network
National Producer Number
Personal health information
Federal Privacy Impact Assessment
Personally identifiable information
Protected Personal Health information
Qualified Health Plan
Special Enollment Periods
Small Business Health Options Program
System Of Records Notice (homeland Security)
Terms of the agreement
Web agent or broker
Contact Bill Weaver, Focus Benefits Group, 602-381-9900 for more information!