What is the Affordable Care Act (ACA)?

The Affordable Care Act (ACA), commonly known as "Obamacare," was enacted in March 2010. It aims to expand health coverage, enhance care quality, reduce costs, and bolster consumer rights. The ACA offers federal subsidies for those with lower incomes, establishes health insurance marketplaces, and broadens Medicaid in several states.

How does the ACA impact my current health insurance?

• Mandating essential benefits for plans.
• Prohibiting denial due to pre-existing conditions.
• Allowing coverage for young adults up to 26.
• Eliminating annual/lifetime limits on essential benefits.
• Enforcing stronger consumer rights.
• Ensuring swift appeals against insurer decisions.

When is open enrollment

• Open enrollment for ACA health insurance typically occurs once a year.
• Starts on November 1st and ends on December 15th.
• Outside of this period, individuals may qualify for a Special Enrollment Period (SEP).
• SEPs are triggered by specific life

events such as:

• Marriage/Divorce
• Birth of a child
• Loss of other health coverage
• Moving

It's crucial to check current dates and SEP qualifications, as they can change. Consulting an agent can provide clarity and ensure timely enrollment.

Am I eligible for any subsidies or tax credits under the ACA?

• Many qualify for ACA's "premium tax credits" to help with health insurance costs.
• Eligibility is based on:Household size
• Income, typically between 100%-400% of the federal poverty level
• The size of the subsidy varies based on:Income
• Regional coverage costs

Please reach out to find out more.