Tuesday, October 1 2013 1:52 PM EDT2013-10-01 17:52:26 GMT
(RNN) - Starting on Oct 1, open enrollment for Obamacare begins, and many are confused on how to apply. The Healthcare Marketplace provides and easy way to apply in four simple steps. Starting with theMore >>
Starting Oct. 1, enrollment for Obamacare will be open, and some have questions on how to apply for health insurance. More >>
Monday, September 30 2013 6:30 AM EDT2013-09-30 10:30:08 GMT
(RNN) - One of the many growing pains related to the Affordable Care Act could be the effect on hospitals focused on treating low-income patients and those without insurance. The majority of healthcareMore >>
The Affordable Healthcare Act promises insurance for everyone, but that still may not mean you can visit any hospital you want - even if it's right down the street.More >>
Sunday, September 29 2013 7:30 AM EDT2013-09-29 11:30:05 GMT
The medical profession became a profession in the 19th century as scientific advances broadened the amount of knowledge so much that specialization was necessary.More >>
A burst of scientific advances in the 19th century so broadened the amount of knowledge required to practice medicine, that specialization became necessary, essentially turning the practice of medicine from a hit-or-miss avocation into a profession. The evolution of medicine caused the cost of care to rise so that the practice of medicine - and insurance - became money-making industries. More >>
Saturday, September 28 2013 6:30 PM EDT2013-09-28 22:30:11 GMT
(RNN) - The profit of insurance companies may plummet once the new Affordable Care Act, better known as Obama Care, goes into effect. According to MSN, this is bad news for the largest U.S. medical insurer,More >>
The profit of insurance companies may plummet once the new Affordable Care Act, better known as Obama Care, goes into effect.More >>
Saturday, September 28 2013 7:33 AM EDT2013-09-28 11:33:06 GMT
(RNN) - One major aspect of the Affordable Care Act is that it makes preventive care for those insured under Marketplace private insurance plans, free - which means no co-payment, coinsurance or deductible. However,More >>
One major aspect of the Affordable Care Act is that it makes preventive care for those insured under Marketplace private insurance plans, free - which means no co-payment, coinsurance or deductible.More >>
Saturday, September 28 2013 6:42 AM EDT2013-09-28 10:42:30 GMT
(RNN) – The success or failure of Obamacare in the hands of Millennials, that's why a generation raised on the internet is being marketed to harder than any other. According to a Pew Research Center surveyMore >>
Millennials and how they respond to advertisements for and against the Affordable Care Act is directly related to the success or failure of President Obama's cornerstone legislation.More >>
Friday, September 27 2013 4:30 PM EDT2013-09-27 20:30:59 GMT
(RNN) - The list of major companies publicly pleading their case over rising prices and inability to retain workers once the new healthcare law takes effect was like a row of dominoes. First, one companyMore >>
Some businesses are still worried about the financial effect the new healthcare law will have on their bottom lines. The reality is there isn't as much to be afraid of as a lot of people think. More >>
Wednesday, September 25 2013 9:58 AM EDT2013-09-25 13:58:39 GMT
(RNN) - Republicans in Congress are threatening to shut down the government because they say Obamacare is too expensive and the government needs to rein in spending. But just who is paying for it? TheMore >>
Beginning in 2014, the main parts of the Affordable Care Act, otherwise known as "Obamacare," take effect. But who's paying for it, and how much, is going to have long-term implications on our checkbooks. More >>
Monday, September 23 2013 4:52 PM EDT2013-09-23 20:52:42 GMT
The confusion over Obamacare has created an opportunity for scammers to prey on the public by targeting vulnerable people who do not understand how the new healthcare exchange will work or how to sign up for it.More >>
The confusion over Obamacare has created an opportunity for scammers to prey on the public by targeting vulnerable people who do not understand how the new healthcare exchange will work or how to sign up for it. More >>
Thursday, September 12 2013 1:27 PM EDT2013-09-12 17:27:04 GMT
One of Obamacare's most controversial elements is the requirement that most Americans carry health insurance or face a fine. The Treasury Department in August released a 75-page guideline detailing what'sMore >>
The Affordable Care Act mandates a fine for those who do not purchase what the law calls "minimal essential coverage." The IRS is charged with enforcing the mandate, but has limited authority in collecting the fines associated with going without insurance. More >>
(RNN) - If you haven't already been hearing a lot about the federal health reform lately, chances are you will soon.
Several major provisions of the Affordable Care Act, commonly known as Obamacare, are taking effect in the coming months. Some within days, such as the exchange websites launching Oct. 1.
Here are details on what's happening, how it works, and what it means for you.
Q: What is Obamacare?
A: In 2010, President Barack Obama enacted a law called the Patient Protection and Affordable Care Act. The stated purpose is to "increase the number of Americans covered by health insurance and decrease the cost of health care."
Q: Will coverage change if I'm insured already?
A: If you have private group insurance, chances are it won't change. If you buy your own insurance and it meets the minimum requirements, you likely won't see change either. If it doesn't meet requirements, you may have to pick a new plan.
Q: Do all the plans have to cover certain things?
A: Yes, all plans sold on and off the Obamacare Health Care Exchange must include the following to be considered a Qualifying Health Plan:
Ambulatory patient services.
Maternity and newborn care.
Mental health and treatment of substance abuse disorders, including behavioral health treatment.
Rehabilitative and habilitative services and devices.
Preventive and wellness services and chronic disease management.
Pediatric services, including oral and vision care.
Q: What is the Obamacare Health Insurance Exchange?
A: The health insurance marketplaces (also known as exchanges) are estimated to provide up to 29 million people with affordable health insurance by 2019. Open enrollment for Obamacare's health insurance marketplace goes from Oct. 1, 2013, to March 31, 2014.
Q: What type of plans are available on the Exchange?
A: In the state-run health insurance marketplaces, the government-approved health insurance plans are divided into four tiers.
They range from lower quality, but more affordable "Bronze plans," to "Silver plans" to a more expensive plan with better coverage called a "Gold plan." There is also a "Platinum plan," the highest quality and cost plan.
Lower premium plans will have higher deductibles, fewer benefits and larger out of pocket costs.
Q: How big are the penalties if I don't purchase insurance as required?
A: For 2014, the yearly penalty is $95 for an adult, $47.50 per child, and up to $285 per family, or one percent of family income, whichever is greater. That will rise in coming years.
Q: Which individuals are exempt from paying a penalty?
The Congressional Budget Office estimated in March 2012 that the ACA would newly insure 30 to 33 million people, leaving 26 to 27 million uninsured in 2016.
You can be exempt if the lowest priced coverage available to you would cost more than 8 percent of your household income. Those who do not file a tax return because of low income ($10,000 for an individual, $20,000 for a family in 2013), or those who are uninsured for fewer than three months of the year are also exempt.
A few other reasons for exemption include, being an undocumented immigrant, an incarcerated individual, a member of an Indian tribe, and those who belong to a religion opposed to acceptance of benefits from a health insurance policy.
Q: How can I save money by reducing healthcare costs?
Saturday, September 28 2013 6:43 AM EDT2013-09-28 10:43:51 GMT
(RNN) – The White House is taking a popular internet friendly approach in promoting its Affordable Care act to the digital age. The Adorable Care Act is a collection of adorable internet memes featuringMore >>
Obamacare gets an 'adorable' push to internet-generation with animal-friendly memes in the Adorable Care Act.More >>