If we were to take a look back just a decade ago, we’d find that more than 50 million Americans were living without health insurance. Those seeking coverage during at that time may have been faced with finding affordable, dependable health care…or perhaps were denied health coverage due to pre-existing health issues.
In March of 2010, President Barack Obama signed The Affordable Care Act (ACA), which made health care coverage more accessible and affordable for those who had been struggling to get health insurance. Years later, some things have changed but health coverage doesn’t have to fall out of reach.
Today, McKnight & McKnight Insurance answers questions about the Affordable Care Act and offers some guidance on how to choose the best health insurance plan for you!
What is The Affordable Care Act?
Generally speaking, the Affordable Care Act (oftentimes referred to as “Obamacare”) has three primary goals:
- Expand coverage by making health insurance more accessible and affordable.
- Expand Medicaid which provides free or low-cost health coverage for people with disabilities or low income.
- Reduction of healthcare and health insurance costs overall.
With the ACA, you no longer have to worry about being denied due to a pre-existing condition or going without health insurance because it’s unaffordable.
Are you wondering, “What kind of health insurance plan is best for me?” CLICK HERE to schedule a quick phone appointment and we’ll help you determine your most affordable policy options.
Keeping the Promise of Affordable Health Coverage
Of the 50 million Americans that were living without health insurance, the Affordable Care Act has allowed almost 20 Million of them to get the affordable health coverage that they need!
Some instances of the ACA in action are:
- Children can stay on their parent’s health coverage until they reach the age of 26.
- If you need extensive medical care or treatment, your insurance company cannot raise your monthly premium or cancel your coverage.
- Regardless of which plan you choose with the ACA, you have access to free women’s wellness visits, flu shots, and preventative care.
Are you asking, “Do I qualify for Obamacare?” In a 5-minute phone call, McKnight & McKnight Insurance can help you determine if you are eligible for Affordable Care Act (ACA) plans. Call us today at (813) 792-2301.
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Client Jennifer S
What About Subsidies or Tax Credits?
Under the Affordable Care Act, the government helps people pay for their health insurance plan with Advanced Premium Tax Credits, and Cost-Sharing Reductions.
- An advance premium tax credit lowers your monthly health insurance premium.
- A cost-sharing reduction lowers the amount you pay towards your deductible, copayment, or coinsurance.
Both of these subsidies are calculated by your income, the number of people in your home, and the Federal Poverty Level.
Our licensed agents can help you find the best options both on and off of the Health Insurance Marketplace (we can even help determine if you are eligible for a subsidy!) McKnight & McKnight Insurance offers many affordable health insurance plans that can meet your specific needs. We can walk you through your best options! Call us today for an individualized quote: (866) 525-0368!
How has the Affordable Care Act changed? Does it Still Apply?
While there was a big debate over whether or not the ACA should be repealed, around 53% of Americans still support the healthcare law.
The only major change that was made by President Trump was repealing the individual mandate which required all Americans to have health insurance or they would be penalized. Now there is no longer a tax penalty if you don’t enroll in health insurance. You will not be penalized for not having health coverage.
Be Protected with Affordable Insurance
The Affordable Care Act has weathered many changes over the years and still continues to evolve. With over 20 years of industry experience, we are here to make this process simple, fast, and friendly. Our health insurance experts help you navigate the insurance plans that are available so you can get insurance coverage that is best suited to your needs and budget. An independent agent at McKnight & McKnight Insurance can help you choose a health insurance plan based on your unique circumstances. Here, we believe in keeping the promise of affordable coverage.