Obamacare health insurance
What is Obamacare or ACA?
The Affordable Care Act (ACA) is a 2010 federal law. This health reform made profound changes to health insurance. It is often called “Obamacare” since it was enacted during the administration of former President Barack Obama.
ACA is intended to lower health insurance costs. It starts from the premise that the cost of insurance should be shared between the government, employers and individuals. It also seeks to prevent restrictive practices in the health industry.
How does the ACA (Affordable Care Act) work?
The main objective of Obamacare is to reduce medical costs in the US. To this end, it included the obligation to purchase health insurance, subsidies for health insurance premiums, and new regulations for the health insurance industry.
Who benefits from Obamacare subsidies?
Obamacare subsidizes premium costs to help lower-income people pay for their insurance. It also makes payments to health providers to keep deductibles relatively low.
Rights granted by the ACA
Obamacare has made changes to the United States healthcare system, and grants the following rights:
- Allow children to be covered by their parents’ health plan until they turn 26.
- Allow people to compare plans and sign up for coverage through state health insurance centers. This is known as the “health insurance marketplace.” It is facilitated by the federal government. The enrollment period to buy health insurance is from November 1 to December 15 of each year.
- Make those earning up to 133% of the federal poverty level eligible for Medicaid. This is known as the Medicaid expansion. Not available in Alabama, North Carolina, South Carolina, Florida, Georgia, Kansas, Mississippi, Tennessee, or Texas.
- Make subsidies to purchase health insurance available to those with incomes up to four times the federal poverty level. These subsidies are delivered through tax credits.
- Minimum standards for health insurance policies. All insurance plans must cover certain essential benefits and include health coverage for pregnancy, mental health and preventive care.
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Has your situation changed recently? You may be eligible for low-cost Health Insurance.
If you are currently in any of the following situations:
- You recently got married.
- You recently moved out of state.
- You lost the health coverage offered by your employer.
- Your immigration status changed or you are processing it.
- Or any change in your life situation.
Why should I have a Health Insurance in the United States
One of the main causes of bankruptcy in the United States is caused by the large medical debts that arise after going to a hospital without medical coverage or with a health plan with limited benefits.
Having health coverage avoids this and is also the way to guarantee the necessary check-ups to have preventive care that allows us to stay healthy, and to have an early detection of any medical condition.
Having Health Insurance is the first step to protect your well-being and that of your family
