What is Obamacare?

Law ACA (Affordable Care Act) popularly known as Obamacare, was enacted in March of 2010 with the aim of reducing medical costs for people through subsidies or tax credit provided by the government health fund.

If you prefer to purchase the insurance privately, you will have to pay 100% of the cost of your monthly premium out of pocket, face higher copays, and deductibles.

Benefits:

Regardless of the plan level and costs, all Obamacare plans include preventive care, annual physicals, labs, prescription medications, urgent care, emergency care, hospitalization, and hospital Exams, surgery, pregnancy, and rehabilitation.

Pre-existing conditions are not an exclusion from being accepted into Obamacare.

Insurers and Plans:

Florida Blue, Ambetter, Cigna, Oscar, Molina, are some insurance companies that offer coverage through Marketplace.

The insured can choose according to their county of residence, from a wide variety of plans of levels Bronze, Silver, Gold, and Platinum, as well as the type of network providers (HMO, PPO, OPS, EPO). All insurance in the health market covers the same medical care, the difference between them is in the way in which the insured and the insurer share medical expenses and in the type of network selected.

How and when to apply?

Every year, during the Open Enrollment Period (1st of November to 15th of December), if you meet the requirements for eligibility, you can then enroll in a health plan for the next calendar year.

It is also possible to register for the health market for the rest of 1 year (Special Enrollment Period) If you experience life changes such as moving, loss of medical coverage, marriage, divorce, the arrival of a child, acquire legal immigration status, among others.

To be eligible for Health Marketplace insurance you should reside in the United States, be a US citizen, or have a legal immigration status in the country (can not be incarcerated). Annual income and household composition are also qualifying requirements.