With the Affordable Care Act coming into effect on the 1st, people seem to be confused. What does it mean? How are you effected? How can you sign up? So I’ve decided to give the basics so that you can better understand what this new law means.
If you are already insured you won’t really be effected, unless you can’t really afford it. If you have medicaid or medicare, you’re good. Medicaid is expanding in some states, so you may now qualify if you didn’t before.
If you do not have insurance or your insurance is too high go to healthcare.gov & fill out the application. They will then determine what you can afford to pay. There are a few packages that you can choose from. Those packages depend on your state & income.
One of the major victories in Obamacare is that most insurance companies can no longer turn you away or charge you more for pre-existing conditions. If you are under 26 you can use your parent’s insurance.
Now I have seen people complain about the fees you have to pay if you don’t have insurance by the deadline. The thing is, you only have to pay the fee if you can afford insurance, but don’t have it. If you can’t afford insurance, YOU WILL NOT BE PENALIZED. I’ve seen that alot it’s not true. You can apply for an exemption which will prevent you from paying the fees. The whole point is the AFFORDABLE care act. It wouldn’t make sense to penalize you for what you can’t afford. Especially if you assist owe large sums in medical bills.
The whole idea is that when people don’t have insurance & rack up these medical bills that they can’t pay, we all have to chip in & pay. Besides, everybody should have health care.
Open enrollment began on the first. The coverage will start on January 1st. Enrollment closes on March 31st. It will begin again at the next enrollment date.
If you have any further questions go to healthcare.gov & read up on it or call 1800-318-2596. Everything you need to know is there. It even has a link to the full bill.
Don’t believe the misconceptions about the bill. Find out for yourself how you & your family can benefit. Go get covered! If any of you have a story about you’re experience with Obamacare or your lack of insurance, please share below.