Under Obamacare, or the Affordable Care Act (ACA), every American citizen is required to obtain health insurance that meets standards for minimum coverage. To ensure that every citizen has access to affordable options, the healthcare marketplace (including state exchanges) was established, allowing Americans to enroll and receive options for plans that would meet both their […]
Does Obamacare Require Photo ID?
In order to qualify for coverage under Obamacare, or the Affordable Care Act (ACA), applicants must meet certain criteria and provide certain information. To begin with, Obamacare is designed for use by Americans. This means that if you want to take advantage of health insurance coverage and services offered through the ACA, you must be […]
What Is the Income Limit for Obamacare?
The Affordable Care Act (ACA), more commonly known as Obamacare, may have been designed to help low-income Americans and other underserved groups obtain affordable health insurance coverage, but because it is a federal law, it is available to every American citizen, and even many legal residents of the U.S. that aren’t yet citizens. As such, […]
Health Insurance for Adult Children Living at Home
Prior to the implementation of Obamacare, insurance providers that offered coverage for children under a parent’s policy were allowed to deny access to coverage as soon as a child turned 18 and became a legal adult. Under Obamacare, coverage has been extended to allow parents to continue providing health insurance coverage for their children under […]
Can Doctors Refuse Obamacare?
This is a complicated question for a number of reasons, namely that Obamacare is not a specific type of insurance. What the Affordable Care Act (ACA) has done is provide discounts on government-sponsored health insurance policies to some qualified individuals as well as set a standard for what all insurance policies must cover. Those eligible […]
How Is Obamacare Funded?
Since the implementation of Obamacare (the Affordable Care Act/PPACA), and even before, people wanted to know how healthcare reform would be funded. Conceived as a means of helping to insure roughly 30 million Americans unable to receive health insurance coverage for one reason or another (low income, preexisting conditions, etc.), the costs have long been […]
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 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 […]
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 […]
How Do Life Insurance Companies Make Money?
When you think about how life insurance works, you might wonder exactly how insurance companies are able to make money. After all, the amount you pay in premiums for your term or whole life insurance policy is unlikely to add up to the amount the company will pay out on your policy, even if you […]
