Insurance Product

An insurance product is a discrete package of health insurance coverage benefits that are offered using a particular product network type (such as health maintenance organization, preferred provider organization, exclusive provider organization, point of service, or indemnity) within a service area. The product comprises all insurance plans offered within the product. In the case of a product that has been modified, transferred, or replaced, the resulting new product will be considered to be the same as the modified, transferred, or replaced product if the changes to the modified, transferred, or replaced product meet the standards of 45 CFR § 146.152(f), § 147.106(e), or § 148.122(g) (relating to uniform modification of coverage), as applicable. Any set of plans that share a network type and a set of benefits is a product. [https://www.cms.gov/CCIIO/Resources/Training-Resources/Downloads/product-vs-plan-ppt.pdf](https://www.cms.gov/CCIIO/Resources/Training-Resources/Downloads/product-vs-plan-ppt.pdf)