Arizona Healthcare Cost Containment System (AHCCCS)

Arizona’s Medicaid program providing low-cost health insurance for eligible residents.

Arizona Long Term Care System (ALTCS)

A state Medicaid program that helps cover long-term care costs for eligible seniors and disabled individuals.

 

Medicare

A federal health insurance program for people 65+ and certain younger individuals with disabilities.

Medicaid

A joint federal and state program that helps cover healthcare costs for low-income individuals.

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Medicare Advantage (Part C)

A private insurance alternative to traditional Medicare that includes extra benefits like vision and dental.

Medicare Part D

A prescription drug plan that helps cover medication costs.

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Supplemental Insurance (Medigap)

A private insurance policy that helps cover out-of-pocket costs not covered by Medicare.

Long-Term Care Insurance

A policy that helps cover costs of extended care services, such as home healthcare or assisted living.

Copay

A fixed amount paid for medical services or prescriptions.

Coinsurance

A percentage of medical costs a person pays after meeting their deductible.

Premium

The amount paid for insurance coverage, typically monthly.

Deductible

The amount a person pays out of pocket before insurance starts covering costs.

Max Out of Pocket (MOOP)

The most a person has to pay for covered healthcare in a year before insurance pays 100%.

IRMAA (Income-Related Monthly Adjustment Amount)

An extra charge added to Medicare premiums for higher-income beneficiaries.

Formulary

A list of prescription drugs covered by an insurance plan.

Out-of-Network

Medical providers who do not have a contract with an insurance plan, often resulting in higher costs