ACA / Obamacare

The ACA is a law that guarantees everyone with minimum essential health care coverage.

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Understanding the Affordable Care Act

There is much confusion around the Affordable Care Act (ACA) and the Health Insurance Marketplace.

Here is some information to help you understand it a bit better:

The ACA is a law that guarantees everyone with minimum essential health care coverage. You can’t be denied ACA health insurance coverage because of a pre-existing health condition and you can’t be charged more for your plan because of it.

It’s important to know what’s required under the ACA. Here’s what you need to know as you get started:

Open enrollment, from November 1 to December 15 is your time to buy health insurance.

In some instances, you can get tax credits to help you pay for your health insurance.

Most everyone needs to have health insurance

When you’re looking for health care coverage, check the health plans you’re considering to be sure it says it meets “ACA minimum essential coverage.”

There are several ways to buy health insurance:

Your employer

Health insurance companies

Health Insurance Marketplaces

Keep in mind

In general, STCI is worth considering for those who can’t afford or don’t qualify for traditional long-term care insurance policies. Since many illnesses that require some time in a nursing home or home health care (common services that are covered by STCI) are usually resolved within a one-year period, it is definitely worth consider STCI.

While long-term care insurance may provide the most comprehensive level, the cost can be prohibitive—and, in many cases, STCI can cover the actual cost of care much more efficiently at a lower cost than a traditional LTCI policy.

In some instances, you can get tax credits to help you pay for your health insurance

Depending on your family situation and annual income, you may be able to get a tax credit to help offset your health insurance costs. You can visit Health Care to see if you qualify for a tax credit before you start buying your plan.

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