Affordable Care Act
Quick Overview of the Affordable care act
The affordable care act (ACA) or Obama Care was signed into law by President Obama on March 23rd, 2010. The affordable acts focus on access to affordable and quality health care through insurers and healthcare industry. There are several parts of the ACA, and many parts have already taken place. For instance, most insurers have already begun offering policies that have no-cost preventative check-ups. Also, most insurers no longer have a yearly cap on expenses.
The affordable care act offers subsidies for people that are earning lower incomes in the United States of America. It’s an expansion of public programs like Medicaid. It offers quality health service for many people.
What You Need to Know About the Affordable Care Act (ObamaCare)
ObamaCare was officially called the patient protection and affordable care act (PPACA), but more often called the affordable care act (ACA) for short, reforms the health insurance industry and the American health care system as a whole.
The law contains over a thousand pages of provisions that offer Americans more rights and protections and expand access to quality and affordable health care to millions of uninsured. The law required all Americans to have health insurance and it started in the year 2014. Moving forward, Americans must obtain and maintain coverage that counts as minimum essential coverage or an exemption or pay a monthly fee for every month they go without coverage or an exemption.
Please take into account that each insurance type has its open enrollment period unless you qualify for a special enrollment period. Therefore, certain types of insurance can only be purchased during certain times of the year. You need to contact a reputable and professional insurer that can help you get the best out of the affordable care act.