Qualified Health Plan

Acronym: QHP

A health plan that has in effect a certification that it meets the standards described in subpart C of part 156 of Article 45 of the Code of Federal Regulations issued or recognized by each Exchange through which such plan is offered in accordance with the process described in subpart K of part 155 of Article 45 of the Code of Federal Regulations. 45 C.F.R. § 155.20. Under the ACA, an insurance plan that is certified by the health insurance marketplace, provides essential health benefits and follows established limits on cost-sharing; QHPs will have a certification by each marketplace in which it is sold.