A 2.3 percent tax on the sale of certain medical devices imposed on the manufacturer or importer of the devices that went into effect January 2013 under the Affordable Care Act. The Consolidated Appropriations Act of 2016 suspends the tax from January 2016 to December...
The ratio of money paid out by an insurer for claims, divided by premiums collected for a particular type of insurance policy. Low loss ratios indicate that a small proportion of premium dollars was paid out for benefits, while a high loss ratio indicates that a high...
A health insurance option consisting of a high-deductible insurance policy coupled with a tax-preferred savings account. MSA policies, enacted in 1996, have been largely replaced by Health Savings Accounts. (See Health Savings Account.)