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What does CSR stand for in health insurance terminology?

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Cost-Sharing Reduction

In health insurance terminology, CSR stands for Cost-Sharing Reduction. This program is designed to lower the out-of-pocket costs for eligible individuals and families purchasing health insurance through the Health Insurance Marketplace. Specifically, it reduces expenses such as deductibles, copayments, and coinsurance, making healthcare more affordable for those with lower incomes. As a result, individuals who qualify can access necessary medical services without facing prohibitively high costs that could deter them from seeking care.

The other terms, while they may exist in different contexts, do not pertain to the specific provisions in health insurance related to reducing costs for consumers. Cost-Sharing Reductions play a critical role in supporting the financial accessibility of health insurance plans, particularly for low-income populations, reinforcing the intent of the Affordable Care Act to ensure broader healthcare coverage.

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