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«Obamacare» also known as the Affordable Care Act (ACA), is a healthcare reform initiative created and championed by President Barack Obama in 2010. Its primary objective is to facilitate access to health  insurance for millions of residents in the United States each year. This reform represents the healthcare system that President Obama implemented during his tenure, with the goal of revolutionizing the healthcare landscape in the United States. The aim was to ensure that everyone legally residing in the United States has the right to access the American healthcare system. In other words, it intended to provide healthcare to all individuals within the United States legally.

The official and original name of this reform is «The Patient Protection and Affordable Care Act of 2010» often referred to by its acronym, ACA. However, colloquially, it is widely known as «Obamacare». This nickname was chosen to make it more relatable to both Americans and immigrants in the nation. It’s important to note that the healthcare reform known as Obamacare is not entirely unique or unprecedented in U.S. history. Several healthcare reforms or insurance laws with similarities to this one have existed in the past and are still in effect today. These laws have collectively created a sort of healthcare market for American residents.

The three primary objectives of the Obamacare law are as follows:

1. Provide access to healthcare for American residents through affordable health insurance plans.

2. Expand the Medicaid insurance program to cover more low-income individuals with incomes below the established poverty level.

3. Promote and support innovative healthcare approaches aimed at minimising healthcare costs in the country.

 How does Obamacare Health Insurance work?

Obamacare is a law based on subsidies, also known as tax credits, which is financial assistance to cover the cost of medical insurance. This government assistance is officially provided to a family with incomes between 100% and 400% of the poverty level in the United States.

The tax credits for Obamacare are social and economic policies implemented by a state to reduce the expenses of one or multiple individuals, with the goal of balancing social situations of inequality.

Thanks to government subsidies, low-income individuals and families have access to affordable medical coverage and, at times, even free health insurance, completely covered by the tax credit.

 

Who is eligible for Obamacare insurance?

Despite one of the main goals of the Affordable Care Act being to make health insurance available and accessible to as many U.S. residents as possible, not everyone can obtain Obamacare medical coverage.

There are specific parameters and requirements that individuals and families must meet to qualify for Obamacare medical coverage and government tax credits.

Obamacare health insurance is available to U.S. citizens and immigrants legally residing in the country, including individuals and families who have become citizens or obtained legal residency in the country.

Marketplace coverage is also made available to people who apply for certain cases or events such as asylum, Special Immigrant Juvenile Status (SIJS), victims of human trafficking, or members of a Native American tribe.

The health insurance marketplace website clearly states that Obamacare policies are not available to undocumented Hispanics in the country. However, parents of American citizens have the right to apply for coverage for their children if they qualify for Obamacare insurance.

Here is a brief list of those who may be eligible for Obamacare health insurance:

U.S. Citizens, whether by birth or naturalization.

Individuals legally in the country.

Non-incarcerated individuals.

People with minimum income levels according to the annual poverty level index.

Individuals who will not obtain medical coverage through their employer.

    Advantages
    • U.S. residents have the opportunity to obtain medical insurance at a very low cost or completely free, depending on their economic status.

    • Qualified applicants will receive Obamacare health insurance regardless of their medical history because insurers are legally prohibited from denying coverage to anyone based on pre-existing conditions.

    • All medical plans available in the Obamacare health insurance marketplace include the ten essential health benefits established by the Affordable Care Act. These benefits include pregnancy insurance coverage, mental health services, hospitalization coverage, preventive care, and more.

    • Medications, thanks to their inclusion in the Obamacare program, are sold at a significantly reduced price compared to their original cost.

    • All Obamacare health plans have an annual maximum out-of-pocket limit. This means that when this limit is reached, your plan will cover 100% of the expenses in your policy for the rest of the year.

    • Sons and daughters can maintain medical coverage under their parents’ health insurance plan up to the
      age of 26.

       

    Disadvantages
    • While you can enroll yourself, the process can be complex, which is why you can use our services year-round by calling Borroto Insurance at 786-343-4048, or you can use the chat on our website: borrotoinsurance.com.

    Why Apply for Obamacare Insurance?

    Obamacare provides a subsidy to families to help them pay for their health insurance. The insurance plans are the same whether obtained through Obamacare or privately. The difference is that through the Marketplace, if you qualify, you receive a credit to offset part of the cost of that insurance, whereas with private insurance, you have to pay the full cost out of your pocket.

    It is important to be cautious when choosing an Obamacare plan, as the cheapest option may not always cover what you need.

    What Do I Need to Qualify?

    First: You must have a minimum income to qualify, which varies each year, according to the Poverty Guideline expressed in the Health Insurance Marketplace (the more you earn, the more you’ll pay for insurance, and the higher the copayments will be, but there is also a minimum to qualify, and if you fall below it, you cannot have Obamacare, in which case you should apply for Medicaid).

    If your annual income qualifies, you could have medical insurance at no cost. With a bronze-level plan, you benefit from health services without paying a cent. However, keep in mind that your hospital deductible will be high.

    Second: You must have legal immigration status in the United States: work permit, residency, citizenship.

    Third: Apply during the Open Enrollment period. This stage begins on November 1 and extends until December 15 each year.

    However, if you couldn’t enroll, be aware that there is a Special Enrollment Period that allows you to
    obtain insurance outside the enrollment period under certain conditions.

     

    Benefits of a Subsidized Insurance

    Those who benefit from government subsidies are guaranteed around 10 essential services. Primary care physicians, specialists, access to prescribed medications, preventive and emergency exams. Care for pregnant individuals throughout the gestational period, before, during, and after childbirth, is also
    covered by Obamacare Insurance.

    It also covers laboratory tests, hospital admission, and surgical procedures.

    It’s important to know that with Obamacare insurance, you will also have coverage for mental health and
    rehabilitation services.

     

    When Can I Start Using My Health Coverage?

    If you apply during the Open Enrollment Period, your coverage will begin on January 1.

    However, if there has been a life change and you qualify for a Special Enrollment outside the enrollment period, your coverage will be effective on the 1st day of the following month, provided that the policy is written before the 15th of the previous month.

    If you have any questions, please don’t hesitate to call Aseguranza at 786-343-4048.

     

    What Happens If I Don’t Have Health Insurance?

    Having health insurance is highly advisable, whether it’s private, through your employer, or Obamacare. If you don’t have health insurance and face a health situation that requires hospital services, you could be burdened with a lifelong debt.

    So, if you don’t have any health insurance, call 786-343-4048, and we can assist you with Obamacare.

    How to Apply for Obamacare Health Insurance?

    You can apply for Obamacare plans through HealthInsurance.com or by using the services of a specialized agency like Borroto Insurance (Aseguranza).

    Call 786-343-4048 or use the chat on our website borrotoinsurance.com, and a specialized agent will assist you in applying for health insurance.