ACA Health Insurance: Understanding Your Options
The Affordable Care Act (ACA) has made health insurance more accessible and affordable for millions of Americans. If you’re considering buying health insurance through the ACA marketplace, here are some key points to keep in mind:
What is the ACA marketplace?
The ACA marketplace is an online platform where you can shop for and enroll in health insurance plans. The marketplace is available in every state, and it offers a variety of plans to choose from.
Who is eligible for ACA coverage?
Most people are eligible for ACA coverage. However, there are some exceptions. For example, you’re not eligible for ACA coverage if you’re:
Incarcerated
A non-US citizen or national who is not lawfully present in the US
Already covered by a government health insurance program, such as Medicare or Medicaid
What types of plans are available on the ACA marketplace?
There are four main types of plans available on the ACA marketplace:
Bronze plans: These plans have the lowest monthly premiums, but they also have the highest deductibles and out-of-pocket costs.
Silver plans: These plans have moderate monthly premiums and deductibles.
Gold plans: These plans have the highest monthly premiums, but they also have the lowest deductibles and out-of-pocket costs.
Catastrophic plans: These plans are only available to people under the age of 30 or who have a hardship exemption. They have very low monthly premiums, but they also have very high deductibles and out-of-pocket costs.
How do I enroll in ACA coverage?
You can enroll in ACA coverage through the Health Insurance Marketplace at HealthCare.Gov. You can also enroll through a licensed health insurance agent or broker.
When can I enroll in ACA coverage?
You can enroll in ACA coverage during the open enrollment period. The open enrollment period for 2024 coverage runs from November 1, 2023 to January 15, 2024.
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.