Is It Possible To Keep Your ACA Plan?
The Affordable Care Act (ACA), also known as Obamacare, has been a topic of great debate since its implementation in 2010. One of the most common questions people have about the ACA is whether or not they can keep their existing health insurance plan.
The answer to this question is: it depends. In general, if you had a health insurance plan before the ACA was implemented, you were able to keep it. However, there are some exceptions to this rule. For example, if your plan was discontinued by your insurance company, or if it no longer meets the minimum coverage requirements set by the ACA, you may have to switch plans.
If you are unsure whether or not you can keep your existing health insurance plan, you should contact your insurance company. They will be able to tell you if your plan meets the ACA requirements and if you need to switch plans.
What Are the ACA Requirements for Health Insurance Plans?
The ACA sets minimum coverage requirements for all health insurance plans. These requirements include:
Coverage for essential health benefits, such as doctor visits, hospital stays, and prescription drugs
Limits on out-of-pocket costs, such as deductibles, copayments, and coinsurance
Protections for people with pre-existing conditions
If your health insurance plan does not meet these requirements, you may have to switch plans.
How to Find an ACA-Compliant Health Insurance Plan
If you need to switch health insurance plans, you can find an ACA-compliant plan through the Health Insurance Marketplace. The Health Insurance Marketplace is a website where you can compare plans from different insurance companies and find a plan that meets your needs and budget.
When shopping for an ACA-compliant health insurance plan, it is important to compare the plans carefully. Be sure to consider the following factors:
The monthly premium
The deductible
The copayments and coinsurance
The coverage for essential health benefits
The out-of-pocket maximum
By comparing the plans carefully, you can find an ACA-compliant health insurance plan that meets your needs and budget.
Question? or Need a Free Quote?
Contact Us
Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.