Large group market definition
Examples of Large group market in a sentence
Large group market and small group market have the same meanings as in section 1304(a)(3) of the Affordable Care Act (42 U.S.C. 18024(a)(3)).
Large group market has the meaning given the term in section 2791(e)(3) of the PHS Act and section 1304(a)(3) of the Affordable Care Act.
Only at the time of cov- erage renewal may issuers modify the health insurance coverage for a prod- uct offered to a group health plan in the—(1) Large group market; and(2) Small group market if, for cov- erage available in this market (other than only through one or more bona fide associations), the modification is consistent with State law and is effec- tive uniformly among group health plans with that product.
Large group market coverage was exempted by statute from key aspects of the ACA, including community rating and standards relating to actuarial value and essential health benefits.
Subpart B—Calculating and Providing the Rebate§ 158.210 Minimum medical loss ratio.Subject to the provisions of § 158.211 of this subpart:(a) Large group market.