There is much confusion around the Affordable Care Act (ACA) and the Health Insurance Marketplace.
Here is some information to help you understand it a bit better.
The ACA is a law that guarantees everyone with minimum essential health care coverage. You can’t be denied ACA health insurance coverage because of a pre-existing health condition and you can’t be charged more for your plan because of it.
It’s important to know what’s required under the ACA. Here’s what you need to know as you get started:
Most everyone needs to have health insurance
When you’re looking for health care coverage, check the health plans you’re considering to be sure it says it meets “ACA minimum essential coverage.”
There are several ways to buy health insurance:
Keep in mind
In some instances, you can get tax credits to help you pay for your health insurance
Depending on your family situation and annual income, you may be able to get a tax credit to help offset your health insurance costs. You can visit HealthCare.gov to see if you qualify for a tax credit before you start buying your plan.