ACA -Do I Qualify for a Subsidy?

Have you ever read about the ACA (Affordable Care Act) at healthcare.gov and still wondered exactly how it worked?

Before I got into the world of insurance, I had no idea what it meant.

You can read exactly what they say by following the link below. I will then explain it in normal terms.

Healthcare.gov

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ACA Explained in a Nutshell

In addition to being called the Affordable Care Act it is also known as “Obamacare” or “Marketplace” health insurance. The Certified full-text version of the Affordable Care Act is The Affordable Care Act is 906 pages!! No wonder it is confusing!!

In a nutshell ACA offers quality, affordable health care for all Americans. This plan requires health plans to provide coverage for, for: (1) specified preventive items or services; (2) recommended immunizations; and (3) recommended preventive care and screenings for women and children. Public Law No: 111-148 (03/23/2010).

Affordable Care Act subsidies are available depending on how many are in the household and income level. Federal poverty levels are used to determine eligibility for certain programs and benefits including savings on Marketplace health insurance, Medicaid and CHIP coverage. Federal Poverty Level.

Worried about pre-existing conditions? Under the ACA insurance companies can not deny coverage or charge higher premiums based on a person’s medical history. Good news! Right?

Open enrollment begins November 1st. Special Enrollment Period (SEP) are also available.

Possible SEP’s: If you are turning 26 and losing creditable coverage, those under the 150% FPL, those who have had life changes like marriage or divorce.

If you are not sure about your open enrollment eligibility contact me. 361-655-8083