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Affordable Care Act
Protect your health and that of your family
Benefits of the Affordable Care Act
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In the early 2000s, many Americans couldn't afford health insurance due to pre-existing conditions or high costs. In 2009, the House proposed a plan to change this. In 2010, President Obama signed the Affordable Care Act (ACA), also known as "Obamacare." This law made health insurance cheaper and more accessible for people under 65. Based on certain criteria, you may qualify for subsidies to help you pay your monthly premiums.
More people have health coverage
More than 16 million Americans now have health insurance following the signing of the ACA. The largest percentage of that number is young adults. This is because with the signing of the ACA, many young adults can remain on their parents' health insurance plans until age 26.
Health insurance is more affordable
Although health insurance isn't free, there's now a wider range of coverage options available to those who need it. One of the provisions that makes this possible are the subsidies the government offers to those who meet specific requirements. These subsidies help pay part or all of your monthly plan premiums.
Coverage cannot be denied to people with pre-existing conditions.
Before the ACA went into effect, pre-existing conditions, such as cancer, made it difficult for many citizens to obtain the health coverage they needed. Most insurance providers did not offer coverage to these individuals. However, the ACA put an end to this situation, and now you cannot be denied insurance due to a known health condition when seeking coverage.
Benefits of Affordable Care Act
Healthcare has no limits
Obamacare covers more checkups and preventive care
With the signing of the ACA, insurance providers can no longer set a pre-established dollar limit on their coverage.
Although the original health insurance plans also covered a range of checkups and preventive care, Obamacare expanded these options. These options typically have low co-pays or deductibles.
Now, with the ACA, all health care plans must include coverage for the following:
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Hospitalization
Outpatient Services
Emergency Services
Maternity and neonatology
Mental and substance abuse services
Prescription drugs
Laboratory testing
Chronic disease management and immunizations
Dental and ophthalmology, pediatric care
Rehabilitation and habilitation services
American Rescue Plan
In March 2021, President Biden signed the American Rescue Plan Act into law. Its goal was to help the country recover from COVID-19. Some parts of this law enhanced the benefits of the Affordable Care Act.
Part of the Affordable Care Act is government premium subsidies. The American Rescue Plan increased these subsidies for everyone. It meant people had to pay less of their income for health insurance.
Initially, the additional American Rescue Plan benefits were temporary, until 2022. But Democrats could make them permanent later.
Enroll in Obamacare
Obamacare plans have specific periods, usually near the end of the year, during which you can enroll or change your health insurance. If you miss this period, you may be eligible for a special enrollment period due to life events such as losing coverage or getting married. If not, there are other year-round health insurance options with different requirements.
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