The Affordable Care Act (ACA) went into effect on October 1, 2013. On March 31, 2014, open enrollment ended and all Americans must be registered with an ACA-compliant health insurance plan (those who truly cannot afford coverage can apply for an exemption; changes to coverage can be made ...
Healthcare affordability continues to be a concern for millions of Americans. When the Affordable Care Act (Obamacare) was enacted in 2010 I was happy. A universal healthcare system would insure the ~47 million Americans who were previously not insured. After all, disease doesn't discriminate b...
When hearing about the Affordable Care Ac (ObamaCare), the first question that comes to mind is, how will ObamaCare affect me, my family, and my business?
Obamacare’s expanded Medicare preventive coverage applies to all Medicare beneficiaries, whether they have Original Medicare or a Medicare Advantage plan. However, if you’re interested in broader health coverage, many Medicare Advantage plans cover benefits beyond Original Medicare, such as routine vis...
In order to be eligible for healthcare subsidies under the Affordable Care Act, you must earn no more than400% of the Federal Poverty Limit (FPL)by household size. Each year, these limits will go up by ~2% to account for inflation. ...
Since its passage in 2010, theAffordable Care Act(ACA), commonly known as Obamacare, has expanded health insurance coverage to millions of Americans. However, nearly 30 million Americans — over 9% of the population —still lacked health insurancein 2019. This included 5.7% of all children und...
If you receive automatic financial help to pay for your coverage, you probably have an Obamacare plan. The ACA lets plan members apply for two types of assistance:premium tax credits and cost-sharing reductions. A premium tax credit, also known as a subsidy, lowers the amount you pay each...
Until 2021, many Americans found the subsidies did not apply to them, or they did not realize they qualified for government assistance for their healthcare coverage. The affordability problem continued, with a large number of people still living without insurance. However, that changed in March ...
The Marketplace was created as part of the Affordable Care Act (ACA) of 2010, which is colloquially known as Obamacare. Most people can use the federal government's marketplace to apply for and enroll in health insurance. But residents of 17 other states, plus Washington D.C.,...
Premiums forhigh-deductible health plans (HDHPs)are typically lower than those for other plan types. HDHPs may be a good choice for healthier people who don’t use much medical care. With an HDHP, you can contribute up to $4,300 (individual) and $8,550 (family) in 2025 to...