The Affordable Care Act, or ACA, has given millions more previously uninsured Americans access to health insurance coverage. If you’re not sure exactly what the ACA covers, or are having trouble deciding on a coverage plan, here are the basics about affordability and coverage.
The ACA addresses affordability by providing consumers with premium tax credits that lower the cost of obtaining healthcare for individuals and their families with incomes between 100% to 400% of the federal poverty level. There is also a subsidy credit that may lower your copays and deductibles depending on your income. Consumers ages 26 to 64 are eligible for coverage, and those younger than 26 may be eligible under a parent’s coverage.
The ACA provides for preventative care like colonoscopies and immunizations at no cost, and patients with preexisting conditions can’t be refused coverage or be charged more by insurance companies. Most importantly, you can choose your own doctor from the health plans provider network, and the ACA makes it illegal for an insurance company to cancel your coverage just because you got sick.
These are just a few of the benefits and protections offered under the Affordable Care Act that you should be aware of before choosing a health insurance plan. To be sure you’re getting all the benefits you deserve, call us today.
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