Obamacare
Affordable Care Act
The comprehensive health care reform law enacted in March 2010 (sometimes known as ACA, PPACA, or “Obamacare”).
The law has 3 primary goals:• Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level.
• Expand the Medicaid program to cover all adults with income below 138% of the federal poverty level. (Not all states have expanded their Medicaid programs.)
• Support innovative medical care delivery methods designed to lower the costs of health care generally.
The health care law offers rights and protections that make coverage more fair and easy to understand. Some rights and protections apply to plans in the Health Insurance Marketplace or other individual insurance, some apply to job-based plans, and some apply to all health coverage.
The protections outlined below may not apply to grandfathered health insurance plans.
How the health care law protects you
• Requires insurance plans to cover people with pre-existing health conditions, including pregnancy, without charging more
• Provides free preventive care
• Gives young adults more coverage options
• Ends lifetime and yearly dollar limits on coverage of essential health benefits
• Helps you understand the coverage you’re getting
• Holds insurance companies accountable for rate increases
• Makes it illegal for health insurance companies to cancel your health insurance just because you get sick
• Protects your choice of doctors
• Protects you from employer retaliation