20 health insurance terms you should know

POSTED: 11:05 AM Oct 01 2013   UPDATED: 6:57 AM Dec 24 2013

With the Affordable Care Act health care exchanges open for enrollment, here are some terms you may want to learn before you dive into a decision about your health insurance for next year.

health insurance terms - allowed amount
1 / 21
iStock/creo77

Allowed amount

This may also be called an "eligible expense" or "negotiated rate" or "payment allowance." It is the maximum amount on which payment is based for health care services that are covered by your insurance.

Health Care Slideshows

Latest Health Care News

Affordable Care Act signups top 11 million

Signing up for Affordable Care Act

About 11.4 million people have signed up for Affordable Care Act coverage for 2015, the Obama administration announced Tuesday evening.

House votes to repeal Affordable Care Act -- again

US Capitol from the front

The Republican-led House of Representatives passed legislation to roll back Obamacare on Tuesday, a measure that the Obama administration already vowed to veto.

The vote was 239-186, with no House Democrat supporting the measure and three House GOP fr...

Millions to owe Affordable Care Act tax penalty

Obamacare Complaints - Generic

The debut of the Affordable Care Act health insurance exchanges has been anything but smooth.

Some 3 million to 6 million Americans will have to pay an Affordable Care Act tax penalty for not having health insurance last year, Treasury officials said Wednesday.

President acknowledges health site problems

Boston woman with I love Obamacare on cast

President Barack Obama on Wednesday acknowledged that the Affordable Care Act website was too slow and too many people "have gotten stuck" in it, adding "I'm not happy about it."