Why the Health Insurance Delivery System is Changing
Under the Affordable Care Act, effective January 1, 2014, everyone will be required to have insurance. You cannot be turned down for coverage because you have an illness. And those who have difficulty affording coverage will get assistance paying for it unless they are under the 133% poverty level, which makes them eligible for Medicaid in most states.
The act creates Exchanges (also known as the Marketplace) to help you find health coverage that fits your budget and meets your needs. With one application, you can see all your options and enroll. While the Affordable Care Act covers many different aspects of health care, there are just a few elements of the plan you should understand before selecting coverage that meets your needs.
• What is the Individual Mandate?
• What is the difference between Public and Private Health Insurance?
• What are subsidies, and do I quality for them?
• How can I estimate what my insurance will cost me?