One of the aspects of the Affordable Care Act (ACA or Obamacare) is that every U.S. citizen is required to have qualified health insurance. This is a problem for many people for various reasons; some can’t afford Obamacare plans, some disagree with the new law, and some simply were unable to sign up during the […]
Archives for August 2015
Can I Deduct Health Insurance Premiums?
Because of the implementation of the Patient Protection and Affordable Care Act (ACA, or Obamacare), all Americans are now required to have health insurance coverage (except for those who meet the criteria for qualifying exemptions). The good news is that millions of Americans that were previously uninsured now have access to affordable health insurance, allowing […]
Can I Cancel My Health Insurance?
This is a difficult question to which there are two conflicting answers. If you want to remain in compliance with new laws regarding healthcare, then you should know that every citizen is legally required to carry health insurance. It is mandatory, so the obvious answer would be no, you cannot cancel your health insurance. However, […]
How Does Obamacare Work for the Unemployed?
If you find yourself unemployed for any length of time and unable to take advantage of an employer-sponsored health insurance plan, you might be understandably nervous about securing coverage for yourself and your family, not to mention the potential penalties/fees associated with going uninsured for any length of time. With Obamacare (or the Patient Protection […]
How Long Does It Take to Get Health Insurance?
There are a number of reasons why you might be looking to get new health insurance or make changes to your current policy. In some cases, you will have to wait for the annual open enrollment period in order to enroll in a plan or make changes to your current plan, and this period generally […]
Is Obamacare Free?
All you have to do is look at the full name of Obamacare – the Patient Protection and Affordable Care Act – to see that it is meant to provide not free, but affordable care to all. Of course, there are exemptions for those who cannot afford to pay for health insurance (provided they meet […]
What Counts As Income for Obamacare?
As you may or may not know, the price you are expected to pay for health insurance coverage is based on both your household income and the size of your household (the number of dependents). It may not matter if you are unemployed, you are facing financial hardship, or you have other financial obligations that […]
What Is Catastrophic Health Insurance?
Under Obamacare (the Patient Protection and Affordable Care Act), everyone is required to have health insurance coverage. But there is a wide range of variation when it comes to the insurance policies and options you may elect to pay for. One option that you might want to look into is catastrophic health insurance. If you […]
What Is COBRA Health Insurance?
When Obamacare first went into effect, many people anticipated the beginning of socialized medicine and an end to the privatized health insurance that Americans had become familiar with. Of course, this knee-jerk reaction was far from accurate. The goal of the Patient Protection and Affordable Care Act (ACA), or Obamacare, was to offer affordable options […]
What Is Coinsurance in Health Insurance?
Once you’ve paid your insurance premiums for health coverage, you might assume that your financial obligation for health care is complete. But this is hardly the case. Your insurance policy may cover a lot of costs, especially if you’re shelling out the dough for a pricey and comprehensive plan. But in nearly every case, you […]
