Get Covered During Open Enrollment

Everything You Need to Know About Open Enrollment Get covered during open enrollment under the Affordable Care Act. Open enrollment starts Nov 1st and ends Dec 15th in most states. Unless you have access to coverage through work, Medicare, or another source, open enrollment is the only time of year you and your family can…

HSA Limits for 2018

Health Saving Accounts and ObamaCare for 2018 We cover everything you need to know about Health Savings Accounts (HSAs) for 2018, including how HSAs work with health plans under the Affordable Care Act. TIP: The Affordable Care Act is sometimes called “ObamaCare” or the “ACA” for short. Thus, this page is about HSAs and how…

Out-of-Pocket Maximums and Deductible Limits for 2018 Health Plans

Out-of-Pocket Maximums and Deductible Limits For 2018 Each year the ACA sets new limits for out-of-pocket maximums and deductibles. Here are the limits for 2018 plans for individuals and families. For 2018, your out-of-pocket maximum can be no more than $7,350 for an individual plan and $14,700 for a family plan before marketplace subsidies. For 2018, your maximum deductible is…

2018 Cost Sharing Reduction Subsidies (CSR)

How Do Cost Sharing Reduction Subsidies Work? ObamaCare’s Cost Sharing Reduction Subsidies (CSR) lower out-of-pocket costs, based on income, for Silver plans bought on the Health Insurance Marketplace. Please note that CSR subsidies are paid to insurance companies, not to individuals. They are intended to offset the expenses of offering lower-cost health insurance to qualifying individuals. Eliminating…

Get Ready for 2018 Open Enrollment

ObamaCare’s open enrollment period for 2018 starts on November 1st, 2017 and ends on December 15th, 2017.  This is what you need to know to enroll for 2018. Some states have longer enrollment periods, so you will have to check your state’s rules. • Open enrollment is the only time you can get cost assistance, enroll…

Is the Congressional Budget Office (CBO) Trustworthy?

Can we Trust CBO figures? Republicans argued the Congressional Budget Office inaccurately projected the numbers of people left uninsured by proposed programs. Can the CBO be trusted? What is the CBO? The CBO has provided Congress with reliable and impartial budget information on the efficacy of policies for over four decades. It has a track…

What are Medicare Drug Formularies?

What are Drug Formularies For Medicare Plans? Medicare Prescription drug lists (formularies) are lists of covered drugs, placed into different tiers, where each tier has different costs. Each Medicare plan that provides drug coverage has its own list of covered drugs and costs that follow a set of common rules. Below we will explain more about…

Obamacare Helped Lower Personal Bankruptcies By Nearly 50%

The Affordable Care Act (ObamaCare) helped lower personal bankruptcies by nearly 50% according to a study by Consumer Reports. The ACA’s provisions, including caps on lifetime and annual limits, the new essential health benefits, mandated coverage for pre-existing conditions (in conjunction with other factors like tighter credit requirements, job growth, and new bankruptcy laws) resulted in bankruptcy…

ObamaCare Open Enrollment 2018

Published: April 10, 2017 Last Updated: Sept 7, 2018 Understanding ObamaCare’s 2018 Open Enrollment Period ObamaCare’s 2018 Open Enrollment period started November 1, 2017 and ends on December 15, 2017. However, some states extended enrollment until January 2018. See state-specific deadlines for 2018 coverage below. Open enrollment is the only time you can enroll in a health…