ACA Health Insurance: A Guide for Young People

The Affordable Care Act (ACA), also known as Obamacare, has made health insurance more accessible and affordable for millions of Americans. But if you’re young and healthy, you may be wondering if you really need health insurance. The answer is yes! Here’s why:

The ACA requires everyone to have health insurance. If you don’t have health insurance, you may have to pay a fee when you file your taxes. The fee is $695 per adult and $347.50 per child under 18.

Health insurance can protect you from unexpected medical expenses. Even if you’re young and healthy, you could still get sick or injured. Health insurance can help you pay for doctor’s visits, hospital stays, and prescription drugs.

Health insurance can give you peace of mind. Knowing that you have health insurance can give you peace of mind. You won’t have to worry about how you’re going to pay for medical expenses if you get sick or injured.

How to Get Health Insurance

There are several ways to get health insurance. You can:

Get health insurance through your employer. Many employers offer health insurance to their employees. If your employer offers health insurance, you may be able to get it at a discounted rate.
Buy health insurance through the Health Insurance Marketplace. The Health Insurance Marketplace is a government website where you can shop for health insurance plans and compare prices.
Get health insurance through Medicaid or CHIP. Medicaid and CHIP are government programs that provide health insurance to low-income individuals and families.

How to Choose a Health Insurance Plan

When you’re choosing a health insurance plan, there are several things to consider, including:

The type of plan. There are two main types of health insurance plans: HMOs and PPOs. HMOs typically have lower premiums but require you to use a specific network of doctors and hospitals. PPOs have higher premiums but give you more flexibility to choose your doctors and hospitals.
The deductible. The deductible is the amount of money you have to pay out-of-pocket before your health insurance starts to cover expenses. Higher deductibles typically result in lower premiums.
The copay. The copay is the amount of money you have to pay for each doctor’s visit or prescription drug. Copayments vary depending on the plan and the type of service.
The coinsurance. The coinsurance is the percentage of the cost of a medical service that you have to pay after you’ve met your deductible. Coinsurance also varies depending on the plan and the type of service.

If You Can’t Afford Health Insurance

If you can’t afford health insurance, there are several programs that can help. You may be eligible for Medicaid or CHIP. You can also get help paying for health insurance through the Health Insurance Marketplace. If you have any questions about health insurance, you can call our licensed agents at 1-800-318-2552.