The Affordable Care Act was put in place to ensure that each American is able to have access to care at an affordable price. This new legislation has led to a major evolution of the health insurance market, as policies can now be purchased by both private insurance carriers and through the new public marketplace. Additionally, businesses with 50 or more full-time employees are now required to offer a certain level of health insurance coverage to their staff.

The Affordable Care Act eliminates the common dilemma of pre-existing conditions, as it is now illegal to deny an individual of coverage, deny an individual of treatment, or charge an individual more if they have a pre-existing condition.

Q1) How can I qualify for the special enrollment period?

People who experience certain life events are often approved for the special enrollment period. Some of these qualifying life events include the birth of a baby, marriage, divorce, citizenship changes, loss of current coverage, and job change.

Q2) What if I cannot afford health insurance?

You may qualify for a less expensive, subsidized policy that can be purchased through the Affordable Care Act’s state health insurance exchange market. Low-cost coverage through the Children’s Health Insurance Program (CHIP) or Medicaid are also options you may be able to take advantage of.

Q3) Can I avoid the tax penalty if I purchase a discount plan or non-licensed risk-sharing health plan?

No. Under the Affordable Care Act, these unique policies are not acceptable for avoiding a tax penalty. Since participants of these plans do not receive the same coverage and protection as other licensed health insurance plans, you will still be faced with a penalty.

We understand how confusing the new health insurance marketplace can be, which is why we the experienced professionals at Crowe & Associates are available to help you select the right coverage. Simply fill out the “Custom Quote” form to the right to get started.