ACA - Obamacare FAQs

Also known as “Obamacare”, was developed to help people to access health insurance through the marketplace where Americans can acquire federally regulated and subsidized health insurance during open enrollment.

In order to qualify, you must sign up during Open Enrollment but could still be eligible if you had a qualifying life event such as changing jobs, getting married/divorced, moving, etc. We’ll help determine if you are eligible and find you the best plan in any case.

Finding the right plan can be difficult. Each plan has its pros and cons, especially considering how costs can greatly range – depending on the plan’s deductibles, co-pays, premiums, provider networks, to name a few.

The Affordable Care Act, which is also referred to as ACA or Obamacare, was signed into law by President Barack Obama in 2010. The act was a major overhaul of the U.S. healthcare system, reducing the amount of uncompensated care the average family pays for.

ACA subsidies have been created to help the lower and also the middle class which lives between 100% and 400% of the federal poverty level (FPL).

Last year, for example, a family of four with an income between $26,200 and $104,800 a year was eligible for it.

To make healthcare more affordable to everyone.

A family of four qualifies for federal help if their projected household income is at least $26,200.

You must live in the United States, must be a U.S. citizen or legal resident.

Should not be in jail.

ACA works with dozens of health insurance carriers and brokers.

No, is not free. It’s a law that requires mandatory insurance.

With Obamacare more people have health insurance. Also people with preexisting health conditions are no longer uncovered another benefit is prescription drugs cost less.

Since ACA or Obamacare is related to income. It’s not available to everyone.