Obamacare
On March 23, 2010, President Barack Obama signed into law the Patient Protection and Affordable Care Act (PPACA). It is also known as the Affordable Care Act (ACA), although, most people prefer to call it “ObamaCare”. ACA enumerates the reforms that should be implemented in the insurance and healthcare industries of the United States. Its primary purpose is to fight against the rising costs of healthcare. Here are some key points in the ACA:
- Its goal is to provide Americans with quality health insurance at a reasonable cost. It also aims to minimize healthcare expenditures in the U.S.
- With the ACA, you have the access to new benefits, rights, and coverage. Particularly, it prevents insurance companies from cancelling your insurance when you are sick.
- ACA requires insurance companies to cover people with pre-existing conditions or ailments.
You must also take note of the free preventive services that ACA offers. This includes annual check-ups, counselling, and immunizations. Screenings on all non-grandfathered plans are also required at no out-of-pocket costs to you.
The Affordable Care Act lists ten essential health benefits, as follows:
- Ambulatory patient services or Outpatient care
- Emergency services
- Treatment in the hospital for inpatient care
- Maternity and newborn care
- Mental health services and addiction treatment
- Prescription drugs
- Rehabilitative services and devices
- Laboratory services
- Preventive services, wellness services, and chronic disease treatment
- Pediatric services
To date over 7 million people have signed up for Obamacare since enrollment ended at the end of March 2014. There are also other benefits to help American families. One of the more popular changes is that young adults can stay on their parents’ plans until 26. The full program of ACA will continue to roll out other health indemnities and provisions into 2022.
You can get a health insurance quote online through the health insurance marketplace. By comparing coverage’s, you’ll see if you qualify for reduced coverage and avoid out-of-pocket costs. There is no deductible connected with Obamacare. There is a penalty that is associated with Obamacare. It is $95 or 1% of your income. If you already have insurance through your employer, you do not need to get additional healthcare. This is true for any other health care products you may have like Medicare or retiree insurance. If you have questions regarding Obamacare insurance, let Blue Sky Coverage help you find a policy that suitable for you and your family. Call us today to for a quote.
