In March 2010, a law known as The Affordable Care Act was passed. This act was designed to make health care more accessible to more people with lower incomes. Here are a few ways to determine whether it applies to you and how it can affect you:
- Do you qualify? You can benefit from the Affordable Care Act if your household income is between 100% to 400% of the federal poverty level. You can meet with us at Elite Benefits Group to determine whether you qualify for the premium tax credits to lower your health insurance costs.
- How can it help you? If you qualify, you can receive premium tax credits or subsidies that can be used towards health insurance and health care costs. You may even qualify for plans with $0 premiums. This can help make your health insurance and health care more affordable. That way, you can afford health insurance, health care, groceries, and housing each month without having to sacrifice one or the other.
- Important to note: While the Affordable Care Act may help you with $0 premiums, you may still have to pay deductibles, copays, and other fees. You will also have to factor in which providers are in-network or out-of-network and how this will impact costs.
The Affordable Care Act can be beneficial in many ways, but it can also be confusing. We can help you with that. We can help you determine whether you qualify, fill out applications, find the right insurance option, and more. Please don’t hesitate to give us a call today to learn more or get started.