Everything you Need to Know About ACA Information
The Affordable Care Act (ACA) has been in effect since 2010, and it has had a significant impact on healthcare in the United States. However, many people are still confused about the information surrounding this act. In this article, we will discuss everything you need to know about ACA information.
What is the ACA?
The ACA, also known as Obamacare, is a federal statute that was signed into law in 2010 by President Barack Obama. Its main goal is to provide affordable health insurance to all Americans, regardless of their income or health status.
Who is eligible for ACA coverage?
Under the ACA, anyone who is a legal resident of the United States is eligible for coverage. That includes citizens, permanent residents, and people with certain legal statuses, such as refugees and asylees. Additionally, people who are not eligible for coverage through their employer or other sources can purchase insurance through the ACA marketplace.
What benefits are covered under the ACA?
The ACA requires all health insurance plans to cover a set of essential health benefits, including:
– Ambulatory patient services
– Emergency services
– Hospitalization
– Maternity and newborn care
– Mental health and substance use disorder services, including behavioral health treatment
– Prescription drugs
– Rehabilitative and habilitative services and devices
– Laboratory services
– Preventive and wellness services and chronic disease management
– Pediatric services, including oral and vision care
How do I enroll in ACA coverage?
You can enroll in ACA coverage during the open enrollment period, which typically runs from November through December. However, you may also be eligible for a special enrollment period if you experience a qualifying life event, such as losing your job or having a baby. You can enroll online at healthcare.gov, over the phone, or in-person through a navigator or certified application counselor.
What happens if I don’t have ACA coverage?
If you don’t have ACA coverage, you may face a penalty on your taxes. In 2021, the penalty is $325 per person or 2% of your household income, whichever is higher. Additionally, you may be responsible for paying for any healthcare services you receive out of pocket.
Conclusion
The ACA provides an opportunity for millions of Americans to access affordable health insurance. If you are eligible for coverage, it’s important to understand the information surrounding the ACA and how to enroll. By doing so, you can ensure that you have access to the healthcare services you need.
