What is the Affordable Care Act and how does it work?

What is the Affordable Care Act and how does it work?

The Affordable Care Act (ACA) is a healthcare reform law enacted in 2010 aimed at increasing health insurance coverage and affordability.

What are the main benefits of the ACA?

The ACA provides benefits like expanded Medicaid coverage, protections for pre-existing conditions, and subsidies for purchasing insurance.

How does the ACA affect my health insurance premiums?

The ACA can lower premiums for many individuals through subsidies, but it may also lead to higher costs for some depending on their income.

Are there any penalties for not having health insurance under the ACA?

Yes, there were penalties for not having insurance, but the federal penalty was eliminated in 2019. Some states may still impose penalties.

How can I enroll in a health plan under the ACA?

You can enroll during the Open Enrollment Period through the Health Insurance Marketplace or directly with insurers.