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State Health Insurance Marketplaces
Find your State's Official Health Insurance Marketplace. Contact your states marketplace now to find out if you qualify for a special enrollment period. You must have coverage that starts by May 1st, 2014 to avoid the per-month fee for not having health insurance.
Voice your opinion on ObamaCare (The Patient Protection and Affordable Care Act) by creating or signing a petition on petitions.whitehouse.gov.
What is ObamaCare / What is Obama Care?
What is ObamaCare / What is Health Care Reform?
You've heard of ObamaCare, but what is ObamaCare exactly? ObamaCare (AKA The Affordable Care Act) is a US law aimed at reforming the American health care system. ObamaCare's main focus is on providing more Americans with access to affordable health insurance, improving the quality of health care and health insurance, regulating the health insurance industry, and reducing health care spending in the US.
What is ObamaCare?: ObamaCare is the unofficial name for The Patient Protection and Affordable Care Act which was signed into law on March 23, 2010. Obamacare's health care reform does a number of important things including offering Americans a number of new benefits, rights, and protections in regards to their healthcare and setting up a Health Insurance Marketplace where Americans can purchase federally regulated and subsidized health insurance.
(What is ObamaCare? President Obama Portrait Public Domain by WhiteHouse.org)
The Politics of ObamaCare
President Obama may have signed the Affordable Care Act into law, but the truth is ObamaCare is the result of decades of ideas from both sides of the isle and the health care industry. The idea of an individual mandate was first presented by current opponents of the law the Heritage Foundation in 1989. ObamaCare itself was in fact modeled after "Romney Care", which is the nickname for the health care reform law implemented in the State of Massachusetts by then Governor Mitt Romney.
ObamaCare: What is it, and What Does it Mean for American Health Care?
So what is ObamaCare and what does it mean to you? There are really only a few things you need to know about the Affordable Care Act.
The Affordable Care Act contains over a thousand pages of reforms to the insurance and health care industries in order to combat rising health care costs and to provide affordable health insurance to more Americans. Despite it's length and complexity, most of the important reforms are contained within the first 140 pages of the law. Check out our summary of the many titles and sections of the Affordable Care Act.
Before the law you could be denied coverage or treatment because you had been sick in the past, be charged more because you were a woman, be dropped mid-treatment for making a simple mistake on your application, and had little or no way to fight insurance company appeals. Today all Americans have access to a large number of unprecedented new benefits, rights, and protections.
As of 2013 there were around 44 million Americans who went without health insurance (about 16% of the population). The majority of uninsured are working families and those who simply cannot afford health insurance. One of the major things ObamaCare does is help these individuals to get health insurance through expanding Medicaid eligibility and offering cost assistance through health insurance marketplaces.
The Affordable Care Act reforms Medicare. This includes offering Medicare recipients the same new benefits, rights, and protections as everyone else as well reforming many aspects of the Medicare system including cuts to aspects of the program that weren't working.
Cost assistance subsidies for reduced premiums and reduced out-of-pocket costs are available to individuals and families making less than 400% of the Federal Poverty Level via their State's health insurance marketplace. Small businesses with less than 25 full-time equivalent employees making less than $25,000 in average annual wages. Learn more about ObamaCare's subsidies.
As of 2015 large employers will have to provide health coverage to full-time workers. This will help to provide coverage to those who aren't covered by subsidized private insurance or the expansion of Medicaid. Learn more about the employer mandate.
• Most Americans will have to have health insurance by 2014 or pay a per month fee on their year-end federal income taxes for every month they go without coverage. Many Americans will be eligible for subsidized health insurance costing anywhere from 0% - 9.5% of their Modified Gross Adjusted Income.
There are many exemptions to the individual mandate to obtain insurance, including a "short coverage gap" exemption which allows anyone to go without coverage for up to three months in a row without being responsible for the fee. Make sure to sign up by March 15 to avoid the fee in 2014.
The following video contains a short description of what ObamaCare is and what you need to know for 2013:
What is the ObamaCare Health Insurance Marketplace?
The health insurance marketplace (also known as an exchange) is an online price comparison website where Americans can shop for affordable quality insurance and receive cost assistance for lower premiums, reduced out-of-pocket costs, or even qualify for Medicaid. Each State has their own health insurance marketplace, find your State's Health Insurance Marketplace Now.
Those making under 400% of the federal poverty level (FPL) may qualify for cost assistance through the marketplace. 400% of the federal poverty level is roughly $46,000 for individuals and $93,500 for families. Cost assistance is only available through your State's marketplace. Find out more about what ObamaCare will cost you.
Open enrollment for the ObamaCare Health Insurance Marketplace is from October 1st, 2013 to March 31st, 2014. You can apply today at healthcare.gov and see if you are eligible for financial assistance for lower premiums, reduced out-of-pocket costs, or even Medicaid (Medicaid eligibility is expanded in many States). Insurance purchased before mid-month starts on the 1st of the following month after the premium has been paid.
Due to a three month coverage gap exemption you can go up to three months in 2014 without health insurance and still avoid the per month fee for not having insurance. Sign up before March 15th to avoid the fee.
Open enrollment 2014 is closed unless you qualify for a special enrollment period. To avoid the penalty make sure you have coverage that starts by May 1st, 2014. Insurance purchased before the 15th of each month starts on the first of month following the next month after you have paid your premium. In other words enroll before April 15th to get covered by May 1st.
What Does President Obama Want Us to Understand About ObamaCare?
President Obama explains that most of the 85% of Americans with health insurance are already experiencing the bulk of what the program has to offer and have been for the past 3 years. The individual mandate, employer mandate and health insurance marketplace will almost exclusively affect the percentage of uninsured Americans or those who don't like their insurance.
That being said new essential health benefits and preventative services at no out-of-pocket costs, mandatory coverage for pre-existing conditions, the elimination of annual limits, Medicaid expansion and more kicks in starting 2014 on all plans without a grandfathered status.
What Does ObamaCare Do?
Now that we know what ObamaCare is, it's time to find out what the new Health Care Reform Bill does beyond the key aspects of the law explained above. Here are some other important aspects of the law:
ObamaCare improves the quality of care that Americans receive by providing better preventative and wellness services and raising the standards of basic health care coverage.
• ObamaCare eliminates pre-existing conditions and gender discrimination meaning no one can be charged more or be dropped from their health insurance coverage for health or gender related reasons.
ObamaCare gives tens of millions of low-income and middle-income Americans access to quality health care by providing discounts through the Health Insurance Marketplace (also known as a Health Insurance Exchange). Find out exactly what the Health Insurance Marketplace is, and how it works.
Although the Affordable Care Act (ObamaCare) was signed into law in 2010, the health care reforms it enacts roll out year by year until 2022. Many of the biggest reforms don't kick in until 2014. Find Out More About ObamaCare Benefits and Services.
ObamaCare helps to ensure that health care coverage is available to any legal U.S. resident who cannot otherwise obtain "quality" healthcare through their employer. Your access to health care is no longer in the hands of health insurance companies.
ObamaCare gives American employers with over 50 full-time equivalent employees the choice between providing insurance that meets the standards of ObamaCare or paying a penalty. This penalty helps to offset the cost of employees who aren't covered through their employer to purchase insurance through the public health insurance exchanges instead of using emergency services.
Employers with less than the equivalent of 25 full-time equivalent employees may qualify for tax credits, tax breaks and other assistance for insuring employees through the Health Insurance Marketplace.
ObamaCare increases consumer protections. These help to protect you from being dropped while sick, denied care due to lifetime limits, denied care for pre-existing conditions, and offers Americans a better legal standing against health insurance companies.
Unless you make over $200,000 individual / $250,000 as a family or small business you are exempt from almost every tax ObamaCare levies aside from the mandate to obtain insurance.
ObamaCare requires that all Americans have health insurance either through a private provider or through a state or federally assisted program. If you don't have insurance you must pay a tax equal to 1% of your income in 2014 and 2.5% in 2016.
ObamaCare expands Medicaid to over 15 million uninsured low-income Americans.
The new health care law aims to reform the health care industry by cutting out waste, reallocating where government funding goes, fixing what doesn't work, and most of all ensuring health care for Americans.
Now that we've answered the question "What is ObamaCare?" it's time to take a look at the ObamaCare Facts and find out what its many provisions do for you.
What is the Affordable Care Act? What is ObamaCare?