Glossary
Every term in Atlas, A to Z, in plain words.
Terms28
1099The IRS form that reports money paid to you other than wages, such as contractor pay.Term · TaxACA marketplaceWhere people buy their own health insurance, often with a subsidy based on income.Term · Get CoveredAudit trailThe record of who opened and signed a document, and when.Term · SignBreak-evenThe point where what a business brings in covers what it costs.Term · ModelCharity careFree or reduced-cost care that nonprofit hospitals offer to people who qualify by income.Term · RecoveryCoinsuranceYour share of the cost of covered care after the deductible, as a percentage.Term · Get CoveredDeductible (health coverage)What you pay for covered care each year before your health plan starts to pay its share.Term · Get CoveredDeductible (tax)An expense you may subtract from your income, so less of it is taxed.Term · TaxE-signatureSigning a document online, with the same legal effect as ink in most business uses.Term · SignEINEmployer identification number: the business’s taxpayer ID from the IRS.Term · PlaybookEstimated tax paymentsPayments made during the year on income that has no tax withheld, usually each quarter.Term · TaxICHRAA way for an employer to give employees tax-free money to buy their own health insurance.Term · Get CoveredInvoiceA bill that tells a client what they owe, for what, and by when.Term · InvoiceLeadA person who has shown interest and may become a customer.Term · CRMMarketing storyTelling your product through a customer: who they are, what stood in their way, and what changed.Term · StoryMedicaidPublic health coverage for people with low income, run by each state within federal rules.Term · Get CoveredMedicareFederal health insurance for people 65 and older, and some younger people with disabilities.Term · Get CoveredOut-of-pocket maximumThe most you pay for covered care in a plan year; after it, the plan pays the rest.Term · Get CoveredPayment planPaying a balance in smaller amounts over time instead of all at once.Term · RecoveryPremiumThe amount you pay each month to keep a health plan, whether you use care or not.Term · Get CoveredPremium tax creditThe subsidy that lowers the monthly cost of a marketplace health plan, based on household income.Term · Get CoveredReward pointsPoints a client earns for things like surveys and forms, spent on rewards.Term · RewardsSelf-employed health insurance deductionSelf-employed people can often deduct what they pay for their own health insurance.Term · PlaybookSelf-employment taxSocial Security and Medicare tax that people who work for themselves pay on their net earnings.Term · TaxTranscriptionTurning speech into written words.Term · TranscribeValidation noticeThe notice a debt collector must send telling a consumer about a debt and their right to dispute it.Term · RecoveryVoice memoA recorded voice message, sent as a link or a file, with its transcript.Term · memoW-2The form an employer gives you each year showing your wages and the tax withheld.Term · TaxUpdated 25 days ago from every appReviewed by the Atlas teamGeneral information, not advice for your situation