ACA and Healthcare Expenses The Affordable Care Act (ACA), also known as Obamacare, has brought about significant changes to the health insurance landscape in the United States. One of the key features of the ACA is the establishment of an annual out-of-pocket maximum (OOPM) for essential health benefits. This means that after you reach your…
The Affordable Care Act (ACA) open enrollment period is now open and runs through January 15, 2022. This is your chance to sign up for health insurance or change your existing plan. If you don’t have health insurance, you may be eligible for financial assistance to help you pay for coverage. You can also get…
Introduction The Affordable Care Act (ACA), also known as Obamacare, has been a topic of much debate and controversy since its inception. Critics often claim that the ACA has failed to deliver on its promises of lower costs and increased access to quality health care. However, a closer examination reveals that many of these criticisms…
Many Americans rely on Affordable Care Act (ACA) subsidies to make their health insurance affordable. However, these subsidies are set to expire at the end of 2025, leaving millions wondering what will happen to their health coverage in 2026 and beyond. What are ACA Subsidies? ACA subsidies are tax credits that help lower the cost…
The Advanced Premium Tax Credit (APTC) is a financial assistance program that helps individuals and families afford health insurance through the Health Insurance Marketplace. While APTCs can significantly reduce the cost of premiums, there are certain situations where individuals may end up owing money back to the government. What Can Cause an APTC Repayment? Overestimating…
If you lose your job or your health insurance coverage changes, you may be able to sign up for an ACA plan outside of the open enrollment period. This is known as a qualifying life event. Other qualifying life events include: Getting married or divorced Having a baby or adopting a child Moving to a…
Are you looking for affordable health insurance options under the Affordable Care Act (ACA)? Understanding Modified Adjusted Gross Income (MAGI) and minimum income thresholds is crucial for qualifying for ACA coverage. What is MAGI? MAGI is a measure of your income used to determine your eligibility for certain government programs, including ACA health insurance. It’s…
The Centers for Medicare and Medicaid Services (CMS) has announced plans to audit Medicare Advantage (MA) plans to ensure they are not overbilling Medicare. This move has sparked controversy among insurers, who argue it could lead to market consolidation. What is Medicare Advantage? Medicare Advantage plans are private insurance plans that offer an alternative way…
A recent post sparked a lively discussion about the importance of health insurance and the role of the Affordable Care Act (ACA) in providing coverage for those who need it. The post highlighted several key points that are worth considering for anyone who is interested in learning more about health insurance and the ACA. 1….