The original intention of the ACA was to cover any individual under the age of 65 who earns at or below 138% of the Federal Poverty Level (FPL) through an expansion of state-sponsored Medicaid programs.
Medicaid/CHIP Expansion: One specific goal of the ACA is expansion of Medicaid and Children’s Health Insurance Program (CHIP) in order to provide coverage for millions of uninsured, low-income American families. This rule applies to persons living in all states, regardless of whether the child is married, attending a higher-learning institution, eligible for employer-based insurance, or otherwise able to obtain coverage beyond their parents’ plans. Young adult coverage: All men and women under the age of 26 are eligible to receive health insurance under their parents’ individual or employer-sponsored coverage plan. Under the ACA, health insurance carriers are required to grant the following provisions for all policyholders. Important considerations for uninsured health coverage shoppers. Information about ‘coverage gaps’ as they relate to state-to-state health insurance programs. Explanation of financial penalties for those who do not obtain coverage. Instructions for applying for health insurance. Layout of the online marketplace (known as the ACA Healthcare Exchange) where individuals and business owners can shop for coverage. Provisions of different health plans available under the ACA. This article discusses the finer points of the ACA, including the following topics: The Congressional Budget Office (CBO) estimated that the ACA would help reduce the national deficit by as much as $100 billion over the next decade. The ACA became effective January 2014 by the end of 2016, the rate of uninsured Americans had dropped to 10.9%. residents were unable to obtain coverage for different reasons (such as pre-existing conditions). #AFFORDABLE CARE ACT FOR DUMMIES PDF FULL#
In 2013, one year before the ACA went into full effect, roughly 15% of the population was uninsured, and as many as 32 million U.S. Both collectively sought to accomplish two overarching goals: increase the number of American citizens with health insurance coverage and reduce healthcare-related costs affecting both consumers and the federal government. This sweeping legislation consists of two separate bills: the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. In 2010, the Obama Administration successfully passed the Affordable Care Act (ACA).
Understanding Commercial Health Insurance.Navigating Healthcare for the Uninsured.Understanding Health Insurance for College Students.
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