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ObamaCare Facts: Facts on the Affordable Care Act

 

Facts on Obamacare:

 

Signed into law in 2010, the Affordable Care Act was designed to increase the availability of health insurance in the United States and thus boost the number of Americans who receive coverage. Four years later, the ACA has been responsible for the enrollment of more than eight million enrollees.

 

Such success was a product of creating federal and state Health Insurance Marketplaces for customers to compare rates and services in order to get the best deal. For purposes of competition among insurance companies and fairness to all consumers, the system is overseen and regulated by the federal government.

 

The healthcare law offers Americans various new protections and rights: It has mandated the coverage of patients with pre-existing conditions and eliminated annual and lifetime dollar limits. But those are just a few of the changes.

 

By the year 2014, the ACA has also required that all Americans have the minimum health insurance coverage. Not acquiring the required insurance incurs a tax penalty, but there are some exceptions to the law, such as those in dire financial circumstances.

 

All that one needs to do in order to apply is visit:

https://www.healthcare.gov/marketplace/b/welcome/.

 

Five Common Questions:

  1. If I already have health insurance with my company, do I have to get Obamacare?
    No, you do not. However, if you decide that you prefer a plan under Obamacare or want some of the discounts offered by the Affordable Care Act, you are free to switch out of your employer’s plan and onto your desired one.
  2. Has the deadline for enrollment already passed?
    Yes, the final enrollment deadline was March 31, 2014. However, for 2015 coverage, you will be given the chance to enroll in a health plan under the Affordable Care Act in November 2014.
  3. What do I do if I’m self-employed and don’t have health insurance?
    Unless you have employees working for you, you don’t have to worry about applying for health insurance as a business. Instead, you can just apply for coverage as an individual or a family.
  4. Do I need to get Obamacare if I’m currently on Medicare?
    No, you do not. Having Medicare means that your health insurance is covered, and thus, you do not have to make any changes to your present situation.
  5. Is there any way to get in contact with an Affordable Care Act representative?
    Yes. The Affordable Care Act helpline is available to help you with any question you may have 24/7, and it is: 1-800-318-2596.