The Affordable Care Act

The primary goal of the Affordable Care Act is to help millions of Americans obtain health insurance coverage. To achieve this goal, the Affordable Care Act provides coverage options, gives consumers the tools they need to make informed choices about their health care coverage, and puts in place strong consumer protections. Agents and brokers play an integral role in helping individuals understand and act on the coverage protections that the Affordable Care Act offers.

Accessibility to Care

The health care law makes care accessible to

everyone by:

– Creating the Health Insurance MarketplacesSM*, through which individuals who do not have access to government-sponsored coverage or affordable employer-sponsored coverage may compare and purchase plans

– Providing qualified individuals with Marketplace financial assistance: advance payments of the premium tax credit and cost-sharing reductions

– Expanding Medicaid in many states to cover individuals under age 65 whose household incomes are at or below 138% of the federal poverty level

– Requiring individuals to maintain minimum essential coverage, qualify for an exemption from coverage, or make a payment when filing their federal income tax returns

Minimum Essential Coverage

As of January 1, 2014, individuals who have not received an exemption are required to demonstrate that they maintain minimum essential coverage or make a payment, called the “individual shared responsibility payment,” when filing their federal income tax returns. Minimum essential coverage is the type of coverage an individual needs to have to meet the individual shared responsibility requirement under the Affordable Care Act. The following types of health insurance coverage are examples of minimum essential coverage:

– Coverage purchased in the individual market, including the Federally-facilitated Marketplaces

– Government-sponsored coverage, such as Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and TRICARE (the Department of Defense heath care program)

– Coverage under an employer-sponsored plan Individuals who have not received an exemption from the individual shared responsibility requirement and do not have minimum essential coverage (or the applicable taxpayers who claim such individuals as tax dependents) are required to make an individual shared responsibility payment.

We assist you in Affordable Care Act 2019 in  Texas, Florida, California, Arizona, New Mexico, Colorado, Nevada & Illinois.