The Affordable Care Act (ACA) and How it Improved Individual and Family Health Insurance

Today, we’re going to be talking about The Affordable Care Act (ACA) and How it Improved Individual and Family Health Insurance. Everyone wants quality health insurance that doesn't break the bank. But for a long time, many Americans who didn’t get coverage through their employer couldn't afford it on their own, especially if they had a pre-existing condition. The Affordable Care Act was created to change all that by making health insurance less expensive, making it easier to compare plans, improving coverage, and protecting consumers. 

How did the Affordable Care Act or ACA help consumers like you? 

For starters, the ACA also known as Obamacare was largely about lowering the cost of health insurance. It created income-based subsidies that lower premiums and out-of-pocket costs. It also expanded Medicaid eligibility to help millions low-income Americans get coverage.

The ACA also made it easier to shop for insurance. Marketplaces in every state offer standardized coverage levels bronze, silver, gold and platinum. That let you better understand the costs of each health plan. Another benefit? The ACA dramatically improved coverage. Before the ACA, your insurance plan didn't have to cover expenses that seem obvious. Now, health plans must include 10 essential health benefits, like :

● preventive care

● visits to your doctor

● mental health

● maternity and newborn care and more.

That's not all. The ACA created key consumer protections, including a rule that you can’t be denied coverage or charged more because you have a pre-existing health condition. I hope you enjoyed this session on everything you need to know about The Affordable Care Act (ACA) and How it Improved Individual and Family Health Insurance. So always be sure to contact a professional before making any financial decisions.