“ObamaCare”: What You Really Need To Know

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downloadBy: Krystle Crossman

With Affordable Care Act, better known as “Obamacare”,  coming to the forefront and now in play, there are some things that you should know about the subject. A health blogger at Cosmopolitan offers up answers to five of the most commonly asked questions.

1. Do I need to have health insurance? – It is not illegal to go without it with the Affordable Care Act, but you will pay a fine on your taxes if you opt out. The fine is $95 this year and could be up to $695 per year by 2016. It is still up to you which option you want to choose. In the long run, it is cheaper to have the insurance, especially if you get hurt or sick.

2. What is this going to cost me? – Take a peek at HealthCare.gov to see state by state what your options are. There are different levels of plans with different premiums. For example, a non-smoking 25-year-old female with no children who earns around $35,000 per year can expect to pay around $250 a month for the silver plan, or $210 for the bronze. If you can’t afford the premiums you may qualify for a cheaper plan that would only cover you in worst-case scenarios.

3. You might ask: I have had health issues in the past, does this affect anything? – No. One of the best things about the ACA is that preexisting conditions are not a factor in your rates or qualifications. The rates are based on your age, family size, where you live, and whether you smoke or not.

4. I get my insurance through my job. Do I need to do anything else? – Stay with your insurance plan. The new federal laws will not affect your rates and will actually give you more for your money. You can now get many services such as STD screenings, annual exams, and even mental health visits covered completely by the insurance.

5. What are the main things to look for in a plan? – You will want to look for the following:

a. Deductible – How much you kick in before your insurance pays. The less you pay for your insurance, the higher your deductible.
b. Provider Network – Are the doctors that are included in the network close to you or are they all spread out far away from your home?
c. Birth Control – While the plans must cover birth control, they get to choose to exclude a certain brand if they want. If you are dead set on the birth control you have currently, make sure you find a plan that covers it all.

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6 Comments

  1. Dianne Wallace on

    The rates sound high to me. Two-hundred and fifty dollars is a lot to have to push out of that salary. The government needs to work on lowering that payment!!!!! Glad that people will have healthcare, but at that cost, it want be for long.

  2. Those costs sound like COBRA fees? They are why too high for this economy. I want everyone to have health insurance, but they may have some opting to be fined because they can’t afford nor have an extra $210.00 – $230.00 per month after paying their monthly bills. 🙁

  3. If it were not for the Afordable care Act you would be paying much more. I used to live in England and it was sweet. I am on Medicare and it is sweet. President Obama wanted much more for poor people but it was watered down.This is the only country that boast that it is number one but health care cost is number one high in the world.The Rich people here want to eliminate the minimum cheap wage, illimate The Health Care Act, and force you to work on slave wages.So Called Fast Food Workers are clamering for $15.00 an hour and I support them more than 100%.

  4. @Diane 250 a month is not bad conpared to 1000 in er and penalties if you don t pay it, and it ruining your credit.

  5. Any thing that will help decrease the abuse of emergency services, ex E/R, EMS, etc. People can pay for cigarettes, beer, false nails, cell phone, etc they should pay for health care. I have been paying Cobra rates for years, started at $279 now up to $479 per month for one person with a $3500 deductible for inpatient or MRI’s. Health care cost should be shared by all. When people pay for something themselves they learn the value of what ever it is they are receiving.

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