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- Gold Health Plan
A plan category in the ACA Marketplace which describes health insurance plans that pay for more out-of-pocket costs than Bronze or Silver Health Plans. Gold Health Plans pay, on average, 80% of the cost for covered benefits.
- Grandfathered Health Plan
A health plan that an individual was enrolled in prior to March 23, 2010 when the ACA was signed into law. Grandfathered health plans are exempted from most of the changes required by ACA. Depending on each company’s rules, new employees may be added to group health plans that are grandfathered, and new family members can be added to all grandfathered health plans.
- Group Health Plan
An employee welfare benefit plan that is established or maintained by an employer, an employee organization (such as a union) or both, that provides medical care for participants and/or their dependents through insurance, reimbursement or some other means.