What are ACA/Obamacare Plans?
The Affordable Care Act (ACA), known as Obamacare, was signed into law in 2010 to reform health insurance. It established Health Insurance Marketplaces, making coverage easier to obtain and offering financial assistance for those who qualify.
ACA Plans are designed to increase accessibility and affordability for millions of Americans, including those self-employed or between jobs.
Key Features of ACA Plans:
- Marketplace: Enroll via HealthCare.gov or state-based Marketplaces to compare optionsÂ’
- Pre-Existing Conditions: Coverage cannot be denied based on pre-existing conditions
- Subsidies: Eligible individuals can receive tax credits to lower monthly premiums.
Eligibility:
Available to U.S. citizens and legal immigrants through the Marketplace, with subsidies based on income.
- ACA coverage is available to U.S. citizens and legal immigrants. Plans are available to those without insurance from a job, Medicare, Medicaid, CHIP, or other qualifying sourcesÂŚ
- Are you Turning 26?
- As you age off your parents’ plan, consider buying an individual plan on the ACA Marketplace. If you’re self- employed, unemployed, or lack job-based coverage, you can explore various options through your state or the federal Marketplace at Healthcare.gov. When applying, you’ll find details on your eligibility for premium or cost-sharing subsidies and potential immediate Medicaid coverage.
How Can I Save on My Monthly Premiums?
What are the Coverage Benefits?
When are the Open Enrollment Dates?
How to Pay for Prescription Drugs
Health Insurance Terms Glossary
Healthcare.com is a non-government website that presents health plans, which may include Affordable Care Act (ACA) plans or short-term medical insurance based on the consumer’s selection. To qualify for ACA health insurance coverage outside of the open enrollment period, you must meet special enrollment requirements. Qualified ACA plans must meet or exceed the essential benefit requirements of the Affordable Care Act; non-ACA plans are not required to provide all of the essential benefit requirements contained in the Affordable Care Act. Pre-existing condition provisions, benefit availability, limitations and exclusions vary by plan type and state. You should review all plan details and product brochures before purchase.
Thank you for your feedback!
