Glossary

JOBS Act

What is the JOBS Act (Jumpstart Our Business Startups)?

The JOBS Act (Jumpstart Our Business Startups) was passed by Congress and signed into law to encourage funding of small businesses and startups in the U.S. Comprising seven titles, the JOBS Act was designed to relax federal regulations and allow for equity crowdfunding, making it easier for companies to access funding while giving individuals a chance to invest in private companies. The Access to Capital for Job Creators and Crowdfunding Acts make up Titles II and Titles III, which are the two key sections of the JOBS Act. Their goal is to lower the barrier for accessing financing for startups. Title II spawned Rule 506(c) of Regulation D, a securities exemption that lets companies publicly advertise investment offerings, which are then open to investment from high net-worth individuals, also known as accredited investors. Meanwhile, Title III of the JOBS Act allows individuals with a net worth below $100,000 to buy shares in privately held companies that want to raise up to $1 million in a 12-month period. Title IV, the Small Company Capital Formation Act, updates Regulation A as a means of lowering compliance costs to make it easier for small public offerings of securities, not exceeding $5 million in any 12-month period, to register with the SEC. As for Title I of the JOBS Act, this is also known as the Reopening American Capital Markets to Emerging Growth Companies Act, while Titles V to VI cover registration and deregistration requirements pertaining to the Securities Exchange Act of 1934. Title VII is also called the Outreach on Changes to the Law or Commission. Companies conducting an equity crowdfunding offering are required to file Form C (Crowdfunding) with the SEC as well as disclose certain information to investors. This information includes the price of the securities; the target offering amount; the company’s financial status; financial statements; information on officers, directors and various owners; as well as an annual report. For support and additional information, explore our Capital Markets Transactions solutions.

Legal Entity Identifier

  • A Legal Entity Identifier (LEI) is a unique global identification code. It is similar to a bar code. This code allows for the identification of all distinct entities in a financial transaction. A LEI is a unique 20-digit alphanumeric code for companies which provide a unique identifier on all financial transactions.
  • The global economy is becoming increasingly interconnected. Multinational companies often have thousands of legal entities with similar names operating all over the world. The Legal Entity Identifier (LEI) system will benefit regulators and market participants. It will provide transparency by helping them to understand and document complex corporate structures and hierarchies.

For support and additional information about capital markets, explore our IPO solutions.

Letter Programs: ANOC Letter Mailings

Annual Notice of Change (ANOC) letters notify participants about any changes to their health plan benefits, coverage, or costs for the upcoming year. These letters are critical for ensuring that participants are aware of any modifications that may affect their health plan and can make informed decisions about their coverage.

Expanding these communication types ensures that participants and providers receive the necessary information to navigate the healthcare system effectively, promoting better health outcomes and improved satisfaction. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Care Management – Health and Wellness

Care management letters focus on promoting health and wellness among participants. These communications can include reminders for preventive services, chronic disease management tips, and personalized health recommendations. They aim to engage participants in their health journey and encourage proactive health management. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Claims – Appeals, Grievances and Denials

Communicating decisions regarding claims can be complex and sensitive. Letters addressing appeals, grievances, and denials must be clear, empathetic, and compliant with regulatory requirements. These communications often require detailed explanations, including the reasons for the decision, the next steps, and the right to appeal further. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Enrollment

Enrollment letters play a crucial role in informing participants about their successful enrollment in a health plan. These letters typically include information about coverage start dates, plan details, and instructions for accessing benefits. They must be clear and concise to ensure participants understand their coverage options. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Low Income Subsidy (LIS) Riders

Low Income Subsidy (LIS) rider letters inform eligible participants about additional financial assistance available to help with their healthcare costs. These letters explain the benefits of the subsidy, eligibility criteria, and how to apply for the assistance. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Payment Integrity

Payment integrity letters address issues related to billing accuracy, fraud prevention, and payment disputes. These communications aim to ensure transparency and accuracy in financial transactions between participants, providers, and the health plan. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Pharmacy

Pharmacy-related communications can range from formulary updates to notifications about prescription coverage changes. These letters ensure that participants are aware of how changes may impact their medication access and what alternative options might be available. For support and additional information, explore our solutions for Health Plans Member Communications

Letter Programs: Primary Care Provider (PCP) Letters

Primary Care Provider (PCP) letters are used to communicate important information between health plans and primary care providers. These letters can cover topics such as patient referrals, care coordination, and updates on patient health status. Effective PCP letters ensure seamless collaboration between healthcare providers. For support and additional information, explore our solutions for Health Plans Member Communications