Health Insurance terms starting with G

12 terms

1. Generic Drug A drug that is similar to a name-brand drug but not covered by original patents and therefore cheaper.
2. Generic Drugs Generic drugs are safe, effective, and approved by the U.S. Food and Drug Administration (FDA).
3. Gold Health Plan See Health Plan Categories
4. Grace Period A time period after the due date that you may pay a premium without penalty. The policy remains in force during this time.
5. Grandfathered As used in connection with the Affordable Care Act: Exempt from certain provisions of this law.
6. Grandfathered Health Plan As used in connection with the Affordable Care Act: A group health plan that was created—or an individual health insurance policy that was…
7. Grandfathered plan A health plan that an individual was enrolled in prior to March 23, 2010 is considered a grandfathered plan under the ACA.
8. Grievance A complaint that you communicate to your health insurer or plan.
9. Group Health Plan When groups of individuals are covered under one insurance contract. Usually people are offered group health plans by their employers (see "individual…
10. Guaranteed Issue A health insurance policy that must be issued regardless of any pre-existing medical condition.
11. Guaranteed renewability A requirement that health insurers renew coverage under a health plan except for failure to pay premium, fraud or misrepresentation.
12. Guaranteed Renewal A requirement that your health insurance issuer must offer to renew your policy as long as you continue to pay premiums.