The term Obamacare refers to “The Patient Protection and Affordable Care Act”, a health care reform law which was signed on the 23rd of March 2010 by President Barack Obama.
The Act’s main objective is to make it easier for millions of Americans to access health insurance at lower costs, improving quality of healthcare services and insurance, regulate entire health insurance industry as well as reduce healthcare spending in US.
There aren’t too many changes effected to the Obama care health insurance plans 2017. Fix up a Obama care health insurance cost - free initial consultation with one of our experts for reviewing to understand these changes as well as to know what you need to do for getting covered and saving money. Such a move might also help you the right amount of coverage.
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The key provisions of the Obama Care health insurance plans grant financial protection to consumers both with existing pre-medical conditions and new ones from insurers. Besides, even individuals and small business owners, who were unable to get health coverage because of rising premiums earlier, will now find it easier to get covered.
For addressing all such issues, health insurance market rules have been brought into effect as under:
To get benefitted with provisions of the affordable Obama Care health insurance plan, you first need to buy minimum amount of health insurance coverage and maintain it for a year. If that is not the case, you must either apply for exemption or agree to pay “shared responsibility” fees with your yearly federal taxes for every month that passes without coverage.
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