Qualified Health Plan
A type of health insurance plan that meets the criteria to be part of an Exchange, according to the Affordable Care Act. Beginning in 2014, these plans will be required to cover essential benefits, obey set limits for deductibles, out-of-pocket maximums, and copayments, and follow other requirements. Every qualified health plan will be given a certification from the Exchange it was purchased through.
1. HealthCare.gov, “Glossary – Q”. http://www.healthcare.gov/glossary/q/index.html