About Affordable Care Act
The Affordable Care Act (ACA) also known as Obamacare, was signed into law on March 23, 2010, with the goals of increasing access to healthcare, improving affordability and improving quality.
What is the Affordable Care Act?
The ACA created Health Insurance Marketplaces, also known as Exchanges, to help uninsured people find health coverage, starting on January 1, 2014. Federal subsidies in the form of premium tax credits are available to consumers meeting income requirements to make the coverage more affordable. However, under the ACA, you can only get financial help from the government if you buy coverage through a Marketplace.
What Does the Affordable Care Act Cover?
Health plans must offer essential health benefit standards, including at least the following items and services:
Who Pays for Services Provided by the Affordable Care Act?
You pay a monthly premium, based on the coverage you choose. However, middle and low-income families will get tax credits that cover a significant portion of the cost of coverage. All new plans must cover certain preventive services such as mammograms and colonoscopies without charging a deductible, co-pay or coinsurance.
Who’s Eligible for the Affordable Care Act?
Most people are eligible for health coverage through the Health Insurance Marketplace. To be eligible for health coverage through the Marketplace, you:
If you have Medicare coverage, you’re not eligible to use the Marketplace to buy a health or dental plan.
Immigration status and the Marketplace
Following is a list of immigration statuses that qualify for Marketplace coverage.
Applicant for any of these statuses:
Only those who have been granted employment authorization or are under the age of 14 and have had an application pending for at least 180 days are eligible.
What Are the Benefits of the Affordable Care Act?
Why Do People Choose
Find out if you are eligible for subsidized health insurance and get a free quote today
The ACA does not replace private insurance, Medicare or Medicaid. Did you know you don’t have to be retired to apply for Medicaid?
You have choices when you shop for health insurance. Familiarize yourself with the available types of health insurance plans. There are many available programs that meet the new government health insurance requirements that can ensure you obtain the health coverage you need.