- Expansion of Coverage
Among the primary goals of the ACA is to increase the number of Americans without health insurance by millions. This includes provisions allowing individuals with pre-existing conditions previously denied coverage to obtain health insurance.
- Health Insurance Marketplaces
The Affordable Care Act (ACA) established online markets where individuals can compare and purchase health insurance policies. These marketplaces are regulated and administered by either the state or federal government, ensuring that plans meet minimum standards and provide essential health benefits.
- Subsidies and Tax Credits
The Affordable Care Act (ACA) provides tax credits and income-based subsidies to eligible individuals and families to reduce the cost of health insurance.
- Medicaid Expansion
The ACA expanded Medicaid eligibility to include more low-income individuals and families. This expansion aimed to provide coverage for those who make too much money for private insurance but too little to be eligible for standard Medicaid.
- Essential Health Benefits
Essential health benefits, such as prescription medications, maternity and newborn care, emergency room visits, mental health services, and preventative care, must be included in all health insurance plans sold via the ACA marketplaces.
- Individual Mandate
One of the ACA's main features is the individual mandate, which stipulates that all citizens either obtain health insurance or pay a fine. While the penalty was effectively eliminated in 2019, the mandate aimed to ensure that everyone had coverage and prevent the issue of "free riders" who would otherwise go without insurance until they needed care.
By protecting people with pre-existing diseases, increasing access to affordable health insurance, and raising the standard of treatment overall, the Affordable Treatment Act has completely changed the American healthcare system. Our goal at Insurance SoluTNS is to assist you in navigating the ACA's intricacies and selecting the health insurance plan that best suits your needs. To learn more about how the Affordable Care Act can help you and your family, contact us right now. By working together, we can ensure you have the complete protection and financial stability you are entitled to.
