Are you covered under an employer-sponsored health insurance plan but dissatisfied with the coverage? Open enrollment is approaching, and you may be considering your options. While the ACA (Affordable Care Act) may not provide subsidies for those eligible for employer-sponsored plans, understanding the available options is crucial for making an informed decision. Can You Buy…
The Affordable Care Act (ACA), also known as Obamacare, provides financial assistance to individuals and families who need help paying for health insurance. This assistance comes in the form of premium tax credits and cost-sharing reductions. To qualify for ACA subsidies, your income must fall within certain limits. For 2023, the income limit is 150%…
Introduction: The Affordable Care Act (ACA), also known as Obamacare, has significantly reshaped the American healthcare landscape since its implementation in 2010. One of its primary goals was to reduce the burden of medical debt by expanding access to affordable health insurance. In this blog, we will explore the specific ACA provisions that have addressed…
If you’re approaching retirement, juggling college expenses for your children while maintaining adequate health insurance coverage may seem like a daunting challenge. However, strategic planning can help you optimize your financial resources through the Affordable Care Act (ACA). Leveraging ACA Health Insurance Subsidies The ACA provides income-related subsidies to help make health insurance more affordable…
Are you facing unexpectedly high health insurance premiums due to a change in your income? If so, you’re not alone. Many individuals encounter this situation under the Affordable Care Act (ACA). In this blog, we’ll delve into the reasons behind these premium adjustments and explore options to manage them effectively. ACA Income-Based Premium Subsidies The…
Are You Eligible for Both Medicaid and the Affordable Care Act (ACA) Marketplace? The recent case of a New Jersey resident facing higher ACA premiums due to Medicaid eligibility highlights a common misunderstanding about these healthcare programs. Understanding the differences between Medicaid and the ACA Marketplace is crucial for navigating your health insurance options effectively….
What is Medicaid Expansion? Medicaid is a government-funded health insurance program that provides coverage to low-income individuals. The Affordable Care Act (ACA) expanded Medicaid eligibility in 2014, making it available to more people. One of the key features of this expansion is that it removed asset limits, meaning individuals with higher incomes and assets can…
The Affordable Care Act (ACA) has made significant strides in expanding access to affordable health care coverage. However, it’s important to be aware of the potential repayment obligations associated with Advance Premium Tax Credits (APTCs). What are APTCs? APTCs are government subsidies that help individuals and families reduce the cost of their monthly health insurance…
Introduction Leaving home for college is an exciting and often daunting milestone. Amidst the preparations, ensuring you have adequate health insurance coverage is crucial. For individuals previously covered under the Affordable Care Act (ACA), navigating your options can be a bit overwhelming. This blog aims to provide a comprehensive guide to ACA health insurance options…
Introduction The Affordable Care Act (ACA) has made significant strides in expanding access to health insurance for individuals and families across the United States. For young adults, the ACA provides crucial coverage options that address mental health needs, an often overlooked and crucial aspect of overall well-being. Mental Health Coverage Under the ACA The ACA…
Affordable Health Insurance: What’s Available Under the ACA? Are you self-employed and struggling to find affordable health insurance? You’re not alone. Many people who work for themselves find the cost of health insurance to be prohibitive. Developed under the Affordable Care Act (ACA, also known as Obamacare), the health insurance Marketplace can help you find…
Once considered as controversial, ACA or Obamacare has helped many people in real need. The Affordable Care Act (ACA), also known as Obamacare, has been a topic of heated debate since its inception. However, it’s important to remember that the ACA is a complex law that has made significant changes to the way health insurance…
The Affordable Care Act (ACA) requires most Americans 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 based on how long you were uninsured and your income. For tax year 2023, the fee is $330. How the Fee is…
Introduction Roth conversions can be a great way to save for retirement, but they can also be complex and confusing. If you’re not careful, you could end up making a mistake that could cost you a lot of money. That’s what happened to one user who requested a partial Roth conversion but ended up getting…
Introduction If you are considering a part-time job that offers health insurance, you may wonder if you can decline the employer-sponsored insurance and keep your Marketplace insurance. The answer to this question depends on several factors, which we will explore in this blog post. Understanding Employer-Sponsored Insurance Employer-sponsored health insurance is health insurance that is…
The Affordable Care Act (ACA), commonly known as Obamacare, has significantly transformed the health insurance landscape in the United States. It has expanded access to affordable coverage, while also introducing new complexities for consumers. To help you navigate these complexities, we’ll delve into a specific topic related to ACA health insurance: maximizing coverage while minimizing…
Understanding Your Health Insurance Options After FIRE: ACA and Cobra Navigating healthcare coverage can be daunting, especially when transitioning into retirement. The Affordable Care Act (ACA) and Consolidated Omnibus Budget Reconciliation Act (COBRA) offer options to ensure your continued access to health insurance. ACA Coverage for Early Retirees The ACA provides health insurance coverage for…
Introduction The Affordable Care Act (ACA) plays a crucial role in providing health insurance coverage for millions of Americans. However, there are certain situations, such as the one described in a recent post by a family of four, that can create challenges when it comes to obtaining affordable coverage through the ACA marketplace. This blog…
Uncovering the Role of Pharmacy Benefit Managers in Overpricing Generic Specialty Drugs Introduction Pharmacy Benefit Managers (PBMs) play a significant role in healthcare, negotiating drug prices and managing prescription drug benefits for insurance companies and Medicaid programs. However, a recent report by 46 Brooklyn has raised concerns about PBMs’ pricing practices, particularly in Medicaid managed…
Losing your job can be a stressful experience, and one of the many things you may need to consider is your health insurance. If you were previously covered under your employer’s plan, you have a few options to continue your coverage. One option is to enroll in COBRA, which allows you to continue your employer’s…
Losing a job can be a stressful experience, and it can be even more difficult for older adults who may have chronic health conditions. If your parents have recently lost their jobs and are struggling to afford health insurance, there are a few things you can do to help them. 1. Check if they are…
The Affordable Care Act (ACA) has transformed the health insurance landscape, providing Americans with a range of coverage options based on their age, employment status, and income. Understanding these options is crucial for making informed decisions about your healthcare. Employment-Based Coverage If you are employed, your company may offer health insurance coverage. Generally, if your…
Losing health insurance, also known as a “qualifying event,” can be a stressful experience, but it’s important to know your options under the Affordable Care Act (ACA). One of the most common questions people have is whether they can cancel COBRA insurance and enroll in an ACA plan after losing their job. COBRA vs. ACA…
The Affordable Care Act (ACA), also known as Obamacare, is a comprehensive health care reform law that was signed into law in 2010. The ACA has made significant changes to the way health insurance is regulated in the United States, and it has provided health insurance coverage to millions of Americans who were previously uninsured….
In the United States, health insurance is a complex and ever-changing landscape. The Affordable Care Act (ACA), also known as Obamacare, has been a major part of this landscape since its passage in 2010. The ACA has made health insurance more accessible and affordable for many people, but it has also been the subject of…
As you prepare to transition from a tip-based earning structure to a traditional hourly wage position, it’s crucial to anticipate the potential impact on your health insurance expenses. Here’s a breakdown of the considerations you should keep in mind: Employer-Sponsored Health Insurance How it Works: Employer-sponsored health insurance plans are typically offered by companies as…
Tubal ligation, a surgical procedure to prevent pregnancy, is covered under the Affordable Care Act (ACA). However, different types of tubal ligation surgeries have different coverage levels under ACA insurance plans. Understanding your options and rights as a patient is crucial before undergoing this procedure. Types of Tubal Ligation Surgeries Covered Under ACA The ACA…
Introduction The Affordable Care Act (ACA) provides health insurance coverage to millions of Americans. With multiple plans available, it can be overwhelming to select the right one for your needs. In this blog post, we will delve into the intricacies of ACA health insurance, using a practical example to guide our discussion. We will explore…
Introduction The Affordable Care Act (ACA) has a provision that imposes a penalty on individuals who do not maintain health insurance coverage throughout the year. However, there are specific exemptions that allow individuals to waive this penalty, including those who have been unemployed for a period of time. In this blog, we will explore the…
As Americans navigate the complexities of health insurance, it’s crucial to recognize how life events can influence their ACA coverage. This blog explores how property sale and changes in employment income affect ACA insurance, shedding light on the topic inspired by a recent post. Property Sale and ACA Premium Tax Credits The Affordable Care Act…