Health Insurance Marketplaces Open Today

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Health Insurance
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Health Insurance Marketplaces Open Today
The government shutdown did not prevent one of
the centerpieces of the Affordable Care Act (ACA)
from going into effect health insurance
marketplaces opened today. Individuals and
families can access their states marketplaces
through Healthcare. The marketplaces will allow
consumers to shop for and compare healthcare
plans available in their state, find out if they
qualify for lower costs, and learn about coverage
options. To qualify for coverage in 2014,
individuals must enroll by March 31, 2014.
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At last, 50 million Americans without health
insurance, most of whom are women, will have
access to low-cost health insurance plans, said
Feminist Majority Foundation President Eleanor
Smeal. Dont be fooled by the scare tactics.
Insurance plans will be offered in four
categories that reflect the level of coverage and
price bronze, silver, gold, and platinum. Most
eligible individuals will be able to purchase a
plan for 100 or less per month.
If you have insurance, you wont lose it, but
for the 50 million who do not, this is a great
deal.
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The federal government will subsidize plans by
offering tax credits to individuals and families
within 100 percent and 400 percent of the federal
poverty level- 11,490 and 45,960 for an
individual and 31,322 and 94,200 for a
household of four. Twenty states have also
decided to expand Medicaid eligibility under the
ACA. People with incomes below 133 percent of the
federal poverty level and able-bodied adults will
no longer be excluded from the program as long as
they meet income eligibility. Young adults and
those in need of lower-cost options will be able
to choose catastrophic plans, which are designed
to help cover unexpected, high medical costs, and
have higher deductibles but lower monthly
premiums. Adults under 26 may also remain on
their parents insurance plan.
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Under the Affordable Care Act, plans offered must
cover ten essential benefits, including
ambulatory patient services, maternity and
newborn care, mental health and substance use
disorder services, prescription drugs, and
pediatric services including vision and dental
care, among others.
Thank you!!
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