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Pros and Cons of the Affordable Care ActWhat are the pros and cons of the Affordable Care Act? If you are looking at health insurance and you've thought about looking at a policy on the Marketplace through the Affordable Care Act, but you don't really know what it is or how it all works, let's talk about it. That's exactly what we're going to be talking about today. Side note, if you are doing some kind of term paper on the Affordable Care Act and health policy, this is not the blog post for you. So you may want to check out some other blogs or videos on the side and try to get more information for your term paper that way. This is going to apply to people that are actually looking for health coverage. The Pros and Cons of ObamacareHi, my name is Jo Hutchison and I am an independent health and Medicare advisor with Founders Life & Health. We are based here in beautiful St. Louis, Missouri, but we help people all over the country and our services are FREE of charge to you. Today, we are going to be talking about the Affordable Care Act. We're going to talk about the pros and cons of it. And at the end, I'm going to share a couple hints on how you can save a little bit of money if you're looking at an ACA plan. Let's start with some jargon clarification: ACA, what is that? It stands for Affordable Care Act, and it's the same as Obamacare and the the Marketplace policy. You'll hear people kind of interchangeably use those words. And some people think that they don't have Obamacare when they actually do because they have an ACA plan or vice versa. So what is ACA coverage? ACA is a platform that is run by the government to help subsidize people that are looking for affordable health insurance. Maybe they either don't have coverage at all, don't have group coverage, or are looking for some kind of affordable options. And here's something really important. What it is not is government run healthcare. These healthcare plans are not run by the government. They are subsidized by the government, but they are actually run by private companies, what they call carriers. Small all the way up to large companies can hold ACA policies and provide you with healthcare coverage. But the subsidies to offset the cost come from the government. It's not government run healthcare. Let's get right to it. What are the pros of an ACA plan?
What are the cons of an ACA plan?
Qualifying Life Events You can actually enroll in an ACA policy outside of that open enrollment time if you have a qualifying life event. What is a qualifying life event? Well, there are four kinds.
As promised, I have three helpful hints as well on how to save a little bit of money on your ACA plan, if that's what you're shopping.
About the AuthorHello! I’m Jo Hutchison and I’m the owner of Founders Life & Health. I’m a proud baseball mom, lover of live music and all things potato.. My husband and I have two great boys and two lazy hound dogs. My boys play a LOT of baseball so when I’m not helping my clients we can almost always be found on a baseball field somewhere in the Midwest.
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