What Happens if Trump Cancels ObamaCare do I Lose my Health Insurance?

If ObamaCare is repealed people on marketplace coverage might lose tax credits, but they will almost certainly be able to continue their plan. For others, it is more complicated. Those on Medicaid, those covered through their employer, and children who stayed on their parents plan all have additional concerns.

This is to say 20 million people are at risk of losing coverage, but each for different reasons, and nothing is for sure yet.

Despite all the uncertainty, it is wise to enroll now and avoid a plan lapse. It is very likely tax credits won't be repealed until 2018 (as taking them away mid-year would be very impractical) and it is likely we will see a new age-based credit instead of an income based credit. Same for the other programs, it is unlikely that those on Medicaid, employer coverage, or children under 26 will lose coverage before 2018 (and we could still see a viable alternative or some provisions stick around).

With the above said, if you are on Medicaid, things are more tricky. There is potential your state will change the program back to the way it used to be as the Republicans gear up to turn Medicaid into a privatized and/or block grant program... and this COULD happen mid-year.

I'd like to give more concrete answers, and we will as time goes on, for now I would suggest one get covered and prepare to stay covered. So consider making sure the savings are there to cover a premium if need be.

For now: Despite Trump being elected, despite the conflicting repeal and/or replace plans, and despite the fact that some replacement provisions in past Republican plans plans have been lackluster (like the GOP’s “Continuous Coverage Exclusion” For Pre-Existing Conditions which requires anyone with more than a 60 day gap in coverage to face exclusions for preexisting conditions for 18 months while they buy back into a plan), the ACA is still in effect until further notice.