Let’s take a look at some of the specific things ObamaCare does to reform the American healthcare system and how these reforms can benefit you, your family, and your business.
• Eliminate pre-existing conditions and gender discrimination so you can’t be charged more based on your health status or gender.
• Let young adults stay on their parent’s plans until 26.
• Protect against unjustified rate hikes and give you more rights to appeal insurance company decisions.
• Close the Medicare Part D ‘donut hole’ and keep Medicare strong for years to come.
• And much, much, more.
• Expanding Medicaid to 15.9 million Americans to help “cover the gap” between those who qualify for cost assistance through the marketplace and those who qualified for Medicaid under previous Medicaid guidelines.
• Mandating large employers to provide coverage via the employer mandate and providing tax credits for small businesses who offer their workers coverage via the Small Business Health Options Program (SHOP).
In return for the new benefits and expanded coverage: • ObamaCare mandates that everyone who can afford it must obtain and maintain health insurance (known as minimum essential coverage) throughout the year starting in 2014, get an exemption, or pay a per-month fee on their year end Federal income taxes.
• Coverage can only be obtained during an annual open enrollment period. Annual open enrollment periods very by insurance type.
• The above is only a portion of what the law does. See other new benefits, rights and protections, get a summary of each provision in the Patient Protection and Affordable Care Act, read the Full text of the Affordable Care Act for yourself, or browse our site to find out more about the countless other things ObamaCare does.
First off, Obama Care includes new benefits, rights and protections that:
• Prohibit insurance companies from dropping your coverage if you get sick or make an honest mistake on your application.• Eliminate pre-existing conditions and gender discrimination so you can’t be charged more based on your health status or gender.
• Let young adults stay on their parent’s plans until 26.
• Protect against unjustified rate hikes and give you more rights to appeal insurance company decisions.
• Close the Medicare Part D ‘donut hole’ and keep Medicare strong for years to come.
• And much, much, more.
Secondly, ObamaCare includes provisions to expand coverage and make it more affordable by:
• Creating Health Insurance Marketplaces where low-to-middle income americans can compare plans and get lower costs on health insurance. There are three ways to get lower costs on the marketplaces: Tax Credits for lower premiums, Cost Sharing Reduction subsidies for lower out-of-pocket costs, and Medicaid. Cost assistance is only offered through your state’s marketplace, or on the official Health Insurance Marketplace HealthCare.gov.• Expanding Medicaid to 15.9 million Americans to help “cover the gap” between those who qualify for cost assistance through the marketplace and those who qualified for Medicaid under previous Medicaid guidelines.
• Mandating large employers to provide coverage via the employer mandate and providing tax credits for small businesses who offer their workers coverage via the Small Business Health Options Program (SHOP).
In return for the new benefits and expanded coverage: • ObamaCare mandates that everyone who can afford it must obtain and maintain health insurance (known as minimum essential coverage) throughout the year starting in 2014, get an exemption, or pay a per-month fee on their year end Federal income taxes.
• Coverage can only be obtained during an annual open enrollment period. Annual open enrollment periods very by insurance type.
We’ve only just scratched the surface:
• In the years since it’s become a law, the Affordable Care Act has already made a big difference in our country by providing new rights and protections to more than 100 million Americans and has helped to reduce the uninsured rate.• The above is only a portion of what the law does. See other new benefits, rights and protections, get a summary of each provision in the Patient Protection and Affordable Care Act, read the Full text of the Affordable Care Act for yourself, or browse our site to find out more about the countless other things ObamaCare does.