Since you were lazy to move from sajha to google, here is your plate full of obamacare served by me with the most important information you need to know about obamacare:
* ObamaCare is the unofficial name for The Patient Protection and Affordable Care Act which was signed into law on March 23, 2010.
• Before you could be denied coverage or treatment because you had been sick in the past, be charged more because you were a woman, be dropped mid-treatment for making a simple mistake on your application, and had little or no way to fight insurance company appeals. Today all Americans have access to a large number of unprecedented new benefits, rights, and protections.
• As of 2013 there were around 44 million Americans who went without health insurance (about 16% of the population). The majority of uninsured are working families and those who simply cannot afford health insurance. One of the major things ObamaCare does is help these individuals to get health insurance through expanding Medicaid eligibility and offering cost assistance through health insurance marketplaces.
• The Affordable Care Act reforms Medicare. This includes offering Medicare recipients the same new benefits, rights, and protections as everyone else as well reforming many aspects of the Medicare system including cuts to aspects of the program that weren't working.
• Cost assistance subsidies for reduced premiums and reduced out-of-pocket costs are available to individuals and families making less than 400% of the Federal Poverty Level via their State's health insurance marketplace. Small businesses with less than 25 full-time equivalent employees making less than $25,000 in average annual wages. Learn more about ObamaCare's subsidies.
• As of 2015 large employers will have to provide health coverage to full-time workers. This will help to provide coverage to those who aren't covered by subsidized private insurance or the expansion of Medicaid. Learn more about the employer mandate.
• Most Americans will have to have health insurance by 2014 or pay a per month fee on their year-end federal income taxes for every month they go without coverage. Many Americans will be eligible for subsidized health insurance costing anywhere from 0% - 9.5% of their Modified Gross Adjusted Income.
• There are many exemptions to the individual mandate to obtain insurance, including a "short coverage gap" exemption which allows anyone to go without coverage for up to three months in a row without being responsible for the fee. Make sure to sign up by March 15 to avoid the fee in 2014.
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