Qualified Health Plan (QHP)

A Qualified Health Plan (QHP) refers to a health insurance plan certified by the Health Insurance Marketplace as meeting the requirements set forth by the Affordable Care Act (ACA). These plans provide essential health benefits, including preventive services, prescription drug coverage, and maternity care, while also adhering to consumer protection standards such as limits on out-of-pocket expenses and coverage of pre-existing conditions. Individuals can purchase QHPs through the Marketplace to access comprehensive health coverage that meets their needs and budget.