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May 22, 2024 · A health insurance subsidy is a financial support mechanism introduced by the Affordable Care Act (ACA), commonly called Obamacare. These subsidies, provided by the government, aim to make health coverage more affordable for individuals and families.
The Affordable Care Act (ACA, also known as Obamacare) set basic standards in terms of the general benefits that individual/family and small group health plans have to cover. This article will explain what those benefits are, how they are regulated, and how they differ from one state to another.
Jun 4, 2024 · Obamacare tax penalties were federal penalties that you’d have to pay at tax time if you didn’t have health insurance coverage for all or part of the year. The IRS would assess and collect a penalty fee if you were uninsured during that tax year unless you qualified for an exemption.
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May 30, 2024 · The Affordable Care Act (ACA) – now 14 years old – has played a critical role in expanding access to affordable health coverage for millions of adults ages 50 to 64, including through its health insurance Marketplaces.
Jun 4, 2024 · One of the weird quirks about Affordable Care Act health plans (also called ACA or Obamacare) is that most people don’t pay the full sticker price. But if you overestimate your income for Obamacare, you may have to pay your government healthcare subsidy back.
Jun 3, 2024 · In 2024, you’re eligible for Obamacare subsidies if the cost of the “benchmark plan” (the second-lowest-cost silver plan on the exchange) costs more than a given percent of your income, up to a maximum of 8.5%. The cut-off threshold increases on a sliding scale depending on your income.
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May 31, 2024 · If an Obamacare Marketplace plan covers your parent: You have until December 31 of the year you turn 26 to sign up for your own health insurance plan. However, don’t wait until the last minute. You must enroll in your Marketplace plan by December 15 to get coverage that begins on the first of the year.
