ObamaCare’s Silver Plan is a type of Metal Plan on the Health Insurance Marketplace. Silver Plans qualify for both Tax Credits and Cost-Sharing subsidies. Other Metal Plans include Bronze, Gold, and Platinum. Also, a Catastrophic Plan is available to young adults and to some people with hardship exemptions. HealthCare.Gov, or your state’s Marketplace in states that don’t… Read More
If your state didn’t offer auto-renew, or you don’t have confirmation your plan auto-renewed. You have until the end of open enrollment each year to get covered.
Get health insurance quotes and find out if you qualify for cost assistance from CMS approved brokers and on HealthCare.Gov. Below we will discuss the best ways to get health insurance quotes (HINT: Start at ObamaCare’s Health Insurance Marketplace sometimes called “the Marketplace” AKA HealthCare.Gov). We’ll also give you lots of helpful advice to help ensure you get… Read More
Here is a quick list of tips for getting the best health plan. No matter how you shop, this list will ensure you don’t over or under-buy health insurance. NOTE: Finding the best health plan for you and your family depends on your family size, income, needs, region, and more. The best plan for one… Read More
The Save American Workers Act changes the definition of full-time workers so fewer employers have to comply with ObamaCare’s employer mandate. Let’s take a look at the legislation, why it was passed in the House, why it won’t pass the Presidents desk, what effects it has, data on part-time hours and job loss, and some alternatives… Read More
The original HHS report can be found here. Below is the contents of that report. “Since Open Enrollment began on November 15, nearly 6.6 million consumers selected a plan or were automatically re-enrolled in the Federally Facilitated Marketplace (FFM). The Week 7 snapshot includes the New Year’s holiday; consumers continued to shop and select the… Read More
Having Health Insurance means you are covered in an emergency. Not getting coverage could result in big fees for those who wait until taxes are due. Obtaining and maintaining health insurance isn’t just about avoiding a fee, it’s about taking responsibility for your health, knowing you have coverage when you need it, and avoiding the devastating… Read More
Let’s take a look at factors that affect health insurance costs for premiums and cost sharing under ObamaCare, including Marketplace subsidies and Medicaid. ObamaCare helps ensure fair health insurance premiums (Sec. 2701), helps curb premium growth, and provides Tax Credits to lower premium costs. The ACA also includes measures to reduce out-of-pocket spending and curb national… Read More
About 6.5 million people enrolled in a plan through HealthCare.Gov since the start of open enrollment for 2015. This includes about 6.4 million renewals, auto-renewals, and 1.9 million signups through Nov 15 – Dec 19 and about 96,000 enrollments for Dec 20 – Dec 26. These numbers don’t include enrollments from the 14 state’s who don’t… Read More
6.4 million people enrolled in ObamaCare’s Health Insurance Marketplace between Nov 15-Dec 19 2014 including 4.5 million renewals and 1.9 million new signups. Let’s take a look at a few facts about enrollments to help you better understand these sign-ups and the December HHS enrollment numbers report! These enrollments don’t count the 14 state’s using their… Read More
Im 59 years old And i have been working every since i was 12 years old i had started a small business to help people in the community who couldnt afford to take thair vehicle to the shop i woyld even come to them where thay broke down at weel one night when i was… Read More
What is Health Insurance Coinsurance? In health insurance, coinsurance is your share of costs of the allowed amount for a covered service after you reach your deductible. Coinsurance is different from a copay which is a fixed dollar amount for services and is not typically dependent on meeting your deductible. How does Coinsurance Work? Each service or drug that is subject… Read More
What is a Health Insurance Copay? In health insurance a copay (copayment) is a fixed amount you pay for covered services, typically when you get the service. Copays differ from coinsurance (the percentage you pay for covered services, usually after reaching your deductible). Each plan treats copays and coinsurance differently, so it’s important to understand if… Read More
What is a Health Insurance Deductible? Your health insurance deductible is the amount you have to pay out-of-pocket for covered services before your insurance begins to pay. It doesn’t include premiums or costs that aren’t covered by your plan. Once you meet your deductible, your plan will pay its share of your coinsurance. TIP: Your maximum deductible… Read More
What is a Health Insurance Premium? Your health insurance premium is the amount paid to an insurer, typically per month, for a health plan. Tax Credits are available to lower monthly premiums through the Health Insurance Marketplace. If you have coverage through work, your employer typically pays part of your premium. Let’s look a little more… Read More
ObamaCare’s Premium Tax Credits can be paid to your insurer in advance to lower your monthly premium on a Marketplace plan or adjusted on your tax returns. Tax Credits are based on household income and are available to folks making between 100% and 500% of the Federal Poverty Level FPL. Expanded Premium Tax Credit Cap:… Read More
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. Along with Premium Tax Credits, ObamaCare’s Cost Sharing Reduction subsidies lower what you pay for out-of-pocket costs like deductibles, copays, and coinsurance, making health insurance coverage more affordable and… Read More
If you are under 30 or obtained a “hardship exemption” you qualify for a high deductible, low premium, catastrophic plan. Catastrophic health plans are the cheapest plan you can get that counts as minimum essential coverage. Catastrophic plans can be good for those who want cheap, barebones care. Catastrophic plans tend to trade a low… Read More
There are several reasons you may have to file taxes under ObamaCare (the Affordable Care Act). Learn how to file your ObamaCare taxes in 2019 and beyond. This section includes tips on: how to make a Shared Responsibility Payment for not having coverage, how to report health coverage known as Minimum Essential Coverage, how to… Read More
Learn how to compare health plans to get the best deals on health insurance and health care. Compare your health needs with your plans costs and coverage, to find an affordable plan with benefits that are designed to cover you. No matter how you shop, and boy are there a lot of different options under… Read More
How does health insurance work? You pay a monthly premium and your share of annual out-of-pocket costs, and your insurer pays it’s share of covered costs. The concept is simple, but getting that perfect health plan takes some brain power and elbow grease. By taking the time to master and internalize the content of this page,… Read More
Who is ObamaCareFacts.com, and Who Runs this Website? ObamaCareFacts.com is an honest, independent, and grassroots informational website created by two guys sick of digging through the talking points to get to the facts. ObamaCareFacts.com is created and maintained by dog Media Solutions LLC. Walt Whitney is the head editor of this website and a managing partner… Read More
Thank you for taking the time to check out ObamaCareFacts.com. Use this contact form to leave us a comment. Make sure to direct questions here. Healthcare/ObamaCare questions directed at the contact form below won’t typically be answered. This contact form is for general questions and for contacting our team. All content can be attributed to Thomas… Read More
Understanding Affordability Exemptions for Individual and Employer-Sponsored Health Coverage Under ObamaCare employer-sponsored coverage must cost no more than 8% (adjusted each year), after the employer’s contribution, to be considered affordable. If the amount exceeds 9.5% (adjusted each year), then the person can get an exemption to use the marketplace. This applies to employee-only coverage, family-member-only coverage, and… Read More
Today we released our free ObamaCare eBook, the ObamaCareFacts.com Guide to Open Enrollment 2015. We help you understand how to get covered and stay covered in the Health Insurance Marketplace. We also review tips and tricks for getting lower costs, getting the right plan, and explain everything from the fee, to open enrollment, to health insurance… Read More