Affordable Care Act
On March 23, 2010, President Obama signed into law the Affordable Care Act. This law put in place comprehensive health insurance reforms that will roll out over four years and beyond.
2014Currently, Americans should have access to affordable health insurance options. The Marketplace allows individuals and small businesses to compare health plans on a level playing field. Middle and low-income families will get tax credits that cover a significant portion of the cost of coverage. And the Medicaid program will be expanded to cover more low-income Americans. All together, these reforms mean that millions of people who were previously uninsured will gain coverage, thanks to the Affordable Care Act.
Key Features of the Affordable Care Act
Providing insurance options, covering preventive services and lowering costs.
Coverage available to children up to 26 years of age.
Yearly wellness visit and many free preventive services for some seniors with Medicare.
Insurer must justify any premium increase of 10% or more before the rate takes effect.
The Health Insurance Marketplace was established in 2014. It’s a new way to find health coverage that fits your budget and meets your needs. The Health Insurance Marketplace is sometimes known as the health insurance “exchange.” With one application, you can see all your options and enroll.
When you use the Health Insurance Marketplace, you’ll fill out an application and find out if you can get lower costs on your monthly premiums for private insurance plans. You’ll find out if you qualify for lower out-of-pocket costs. The Marketplace will also tell you if you qualify for free or low-cost coverage available through Medicaid or the Children’s Health Insurance Program (CHIP).
Open enrollment started October 1, 2013, and coverage started January 1, 2014.
You can apply for Marketplace coverage three ways: online, by mail, or in-person with the help of a Navigator or other qualified helper. Telephone help and online chat will be available 24/7 to help you complete your application. See the video above for more information.
Compare Options in the Health Insurance Marketplace
Insurance plans in the Marketplace are offered by private companies, and they cover the same core set of benefits called Essential Health Benefits. No plan can turn you away or charge you more because you have an illness or medical condition. They must cover treatments for these conditions. Plans can’t charge women more than men for the same plan. By answering some questions about you, You can get your options & infoabout health insurance coverage.