Healthcare, Insurance, Retirement, Smart Spending

Affordable Health Care Act Myths- Part II

In my last post, I wrote about the first three myths of five concerning the Affordable Health Care Act that is also known as Obamacare. These myths were:

  1. Myth 1: Beginning in 2014, everyone in the country must have health insurance or pay a penalty, there are no exceptions.
  2. Myth 2: If your employer provides your health insurance, the Affordable Care Act will not help you.
  3. Myth 3: Every business in the United States must provide their employees with health care insurance.

It is important that you understand these misconceptions since, if you believe them, you may feel that you are powerless under Obamacare to do anything, Nothing is farther from the truth.

We all need to understand that the ACA does not apply to everyone – but buying coverage starting in 2014 will be cheaper, the policies have more features and there is no penalty for pre-existing conditions even if you are exempt from buying coverage.

If you have employer provided health care you will get certain things that may not be covered at present.

Employers with more than 50 employees must purchase health insurance for them or pay a penalty. If you do not have employer provided insurance and are not covered by another person’s policy you most likely will have to buy your own insurance through an insurance agent or through the “State Health Insurance Exchange.” This the starting point for the two popular lies about Obamacare that I want to address in this post.

Myth #4: If you live in a state that has not created its own health care exchange you are exempt from the Affordable Care Act.

Nonsense! If your state is not setting up a health care exchange then the Federal government will, and it is available to every state citizen and every employer who wants to take advantage of it. Many state exchanges have not opened yet, but every state exchange will open by October 1, 2013 and will be accepting insurance applications so that insurance can be effective January 1, 2014. Effective July 1, 2013, every state will have call centers open to respond to questions concerning the new health care law.

Myth #5: Immigrants without documentation are to receive benefits under ACA.

This is false. The law specifies that undocumented immigrants, including those who are working are not eiligible for Medicaid. They are also ineligible to recieve tax credits that will help pay for private insurance.

Important Dates and the Affordable Health Care Act

July 1, 2013

Call centers open in all fifty states to help consumers understand the health insurance options being offered in your state.

October 1, 2013

The state health insurance exchanges in all states start the enrollment of new members.

January 1, 2014

The Affordable Health Care Act is fully implemented and health insurance coverage under the act begins.