If you're like many Americans, the new Affordable Care Act (ACA) may seem confusing and overwhelming. There are certainly many changes about to take place - one of the most critical being how uninsured individuals and families access health coverage under the Act.
What is the Health Insurance Marketplace?
Come October 2013, individuals and families who are not covered under a health insurance plan will have the opportunity to enroll in coverage and avoid federal penalties that go into effect in 2014. The Health Insurance Marketplace, a key component of the Act, is designed to make buying health coverage easier and more affordable. It will allow individuals and small businesses to:
- Look for and compare private health plans
- Get answers to questions about their health coverage
- Get a break on costs
- Enroll in a health plan that meets their needs
As required under the Act, insurance plans in the marketplace will offer comprehensive coverage stated in plain language, making it easier to compare plans.
Frequently Asked Questions
When will individuals and families be required to carry health insurance?
Do I have to enroll for coverage if I already have health insurance through my employer, Medicare or other program?
Will I be able to select my doctor under the new law?
When can individuals and families begin enrolling in an insurance plan(s)?
Will the government provide assistance if I cannot afford any of the insurance plans?