Actualizado: 2 oct 2020
The Affordable Care Act (ACA), also known as Obamacare, was a legislation made under the principle that everybody should have some basic security when it comes to their healthcare. Since its creation on March 2010, there has been a lot confusion about what exactly the Affordable Care Act does and who it helps. Keep reading to know the answer of the most frequently asked questions.
Who does the Affordable Care Act help?
Just about everyone who lives in the United States legally can enroll in health insurance through the Marketplace. However, people who are in prison and those already on Medicaid or another kind of government health coverage are not eligible for AFC.
When is the Open Enrollment Period for health insurance?
Open Enrollment typically starts on November 1st and ends on December 15th, in most states. The are Special Enrollment Periods (SEP). This is when you can enroll in coverage outside of Open Enrollment but only if you experience a qualifying life event such as getting married, adopting a child, a permanent move, a change in household size, among others.
What is the Health Insurance Marketplace?
This is an online market where individuals or small businesses can get information and purchase individual health insurance for themselves or their families.
How does the ACA impact Medicaid & Medicare?
It allows states to expand their Medicare and Medicaid programs, so more people can access coverage.
What are the cons of the Affordable Care Act?
The ACA requires companies with over 50 employees to provide a health insurance option as part of their benefits package. Many business owners perceive this as a heavy and potentially negative cost.
How much does Obamacare cost?
What Obamacare costs will depend on your age, location, household size, and income, as well as the type of health insurance plan you choose and whether you use tobacco.
If you need help getting your health insurance quote, give us a call at (866) 508-0003.