ONLY 90 DAYS LEFT DURING HEALTH
INSURANCE
OPEN ENROLLMENT!
ONLY 90 DAYS LEFT DURING HEALTH
INSURANCE
OPEN ENROLLMENT!
The unofficial nickname for a set of proposed changes to the ACA (Affordable Care Act), which promises to make healthcare cheaper and more accessible to American citizens.
It may include things such as greater subsidies, lower prescription drug costs, and a Public Option that works similarly to Medicare. Also, while not directly related to Bidencare, the Biden administration did sign a rescue plan on March 11, 2021. The American Rescue Plan act made temporary changes to the affordable care act, which would help millions of uninsured Americans find coverage under the ACA.
While Bidencare has not been passed or put in place, you can still review your health options today. Possible plan options include, but are not limited to Major Medical Plans, Short Term Plans, Fixed Indemnity Plans, and more. Prices may vary based on plan types, location, and other factors.
The Healthcare Marketplace has been around since the original passage of the Affordable Care Act in 2010. Most states let residents enroll via the federal Exchange, but 14 states run their own, independent state Healthcare Marketplace. Most people who need to enroll in a healthcare plan can do so (assuming they are eligible for an enrollment period) on either HealthCare.gov or the website of their local state exchange.
The Health Insurance Exchange is the pool of health care plans and providers which are cooperating with the federal government in order to provide affordable health insurance to Americans in many states. 37 states are members of the Exchange on the federal level: AL, AK, AZ, AK, DE, FL, GA, HI, IL, IN, IA, KS, LA, ME, MI, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, SC, SD, TN, TX, UT, VA, WV, WI, and WY.
To see if you qualify for a tax subsidy, you need to enroll on the Healthcare Marketplace website (either the federal one, or your state\'s website). If you do not qualify for a subsidy for whatever reason, you have the option of shopping through the Exchange or in your state\'s private marketplace.
As we touched on earlier, "Bidencare" has not been passed into law yet. And it's still not completely certain if all of it will pass, or if only parts of the proposed legislation will be made into law. In the meantime, brushing up on the following key terms can help make your search for healthcare a little easier.
Searching for a high-quality health plan provider is easier than ever. The Exchange you shop on - whether local or federal - will have search options that you can use to more easily find the plan you want. The companies are evaluated based on things like financial stability, customer service, their claims process, and more and assigned a letter grade based on their performance.
Another good strategy is to ask around. Talk to your co-workers, friends, or family who live near you. They might know of or even have coverage with a great provider in your area.
If you can't afford qualifying medical coverage, there are alternative health plans available. But you won't be able to buy them through the Exchange, because these plans don't meet the minimum requirements of the ACA. Some of those alternative plans are:
Bidencare does not exist yet. The plan is still coming together. But here are the top four facts you need to know about Bidencare in advance of the eventual reveal.
#1: The plan will create a public option that will look and feel a lot like Medicare. The public option will be available either for free or at a drastically reduced cost for anyone who:
Anyone who wants to buy into the public option and lives at 138% of the federal poverty level or above may choose to do so. It is unclear yet whether the cost of the public option will be on a sliding scale with income, or whether it will be a flat rate charge to enroll. For anybody who does not want to buy into the public option, they can choose to stick with the healthcare they currently have - whether that's a Marketplace plan, a plan through their employer, or an alternate qualifying health plan of their choice.
At this point, it is uncertain whether the individual mandate will make a comeback and/or non-qualifying health plan providers (i.e. short-term health insurance companies) will be prohibited from doing business - although both of these scenarios are possible.
#2: The plan will take steps to make healthcare less confusing and more accessible in addition to creating a Medicare-like public option. Those steps include:
#3: The cost of prescription drugs will go down. The Biden plan will mitigate the cost of prescription drugs so that Americans don't have to go without potentially life-saving medications. And it plans to do so in the following ways:
#4: Bidencare will address human rights violationsthat have been inherent in the American healthcare system for many years. The plan will take specific aim at:
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