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The Affordable Care Act
The Insurance Office - Tom Saal
VIDEO: Millions of Previously Uninsured Americans Now Have Coverage.
The Affordable Care Act or “ACA” has given millions more previously uninsured Americans access to health insurance coverage. If you’re not sure exactly what the ACA covers or are having trouble deciding on a coverage plan, here are the basics about affordability and coverage.
The ACA addresses affordability by providing consumers with premium tax credits that lower the cost of obtaining health care for individuals and their families with incomes between 100% to 400% of the federal poverty level. There is also a subsidy credit that may lower your co-pays and deductibles, depending on your income. Consumers ages 26 to 64 are eligible for coverage, and those younger than 26 may be eligible under a parent’s coverage.
The ACA provides for preventative care like colonoscopies and immunizations at no cost, and patients with pre-existing conditions can’t be refused coverage… or be charged more by insurance companies. Most importantly, you can choose your own doctor from the health plan’s provider network, and the ACA makes it illegal for an insurance company to cancel your coverage just because you got sick.
These are just a few of the benefits and protections offered under the Affordable Care Act that you should be aware of before choosing a health insurance plan. To be sure you’re getting all the benefits you deserve, visit our website to schedule your call today.
“We do not offer every plan available in your area. Currently I represent 7 organizations which offer 31 products in your area. Please contact Medicare.gov, 1–800–MEDICARE, or your local State Health Insurance Program to get information on all of your options.”