Obamacare

What you should know about ObamaCare (Affordable Care Act):

ObamaCare has eliminated pre-existing conditions and gender discrimination meaning no one can be charged more or be dropped from their health insurance coverage for health or gender related reasons.

ObamaCare helps to ensure that health care coverage is available to any legal U.S. resident who cannot otherwise obtain “quality” healthcare through their employer. Your access to health care is no longer in the hands of health insurance companies.

The health insurance marketplace (also known as a Health Insurance Exchange) is an online price comparison website where Americans can shop for affordable quality insurance and receive cost assistance for lower premiums, reduced out-of-pocket costs, or even Medicaid. The website addresses are: www.CoveredCA.com (California), www.WAHealthPlanFinder.org (WA). For all other states, check www.HealthCare.gov.

Those making under 400% of the federal poverty level (FPL) may qualify for cost assistance through the marketplace. Cost assistance is only available through your State’s marketplace.

Open enrollment Period for 2017 coverage is November 1st, 2016 to January 31st, 2017. Individuals may also qualify for Special Enrollment Periods outside of Open Enrollment if they experience certain events. (See Special Enrollment Period and Qualifying Life Event on HealthCare.gov or your state’s Health Insurance Exchange website.)

ObamaCare improves the quality of care that Americans receive by providing better preventative and wellness services and raising the standards of basic health care coverage.

Employers with less than the equivalent of 25 full-time equivalent employees may qualify for tax credits, tax breaks and other assistance for insuring employees through the Health Insurance Marketplace.

ObamaCare increases consumer protections. These help to protect you from being dropped while sick, denied care due to lifetime limits, denied care for pre-existing conditions, and offers Americans a better legal standing against health insurance companies.

ObamaCare requires that all Americans have health insurance either through a private provider or through a state or federally assisted program. If you don’t have insurance you must pay a tax penalty unless you qualify for an exemption status.

ObamaCare also expanded Medicaid to over 15 million uninsured low-income Americans.

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