Health insurance is something everyone should have. Even if you are rarely sick, the right health insurance policy will cover all your medical needs. This includes medical treatment plans and health screenings that are used to identify potential illnesses that may eventually become more severe. This need for quality healthcare at all stages of life was why the Affordable Care Act was established. The Act made it possible for everyone to qualify for health insurance.
What Exactly Does the Affordable Care Act (ACA) Comprise?
The Affordable Care Act was signed into law in March of 2010 by President Barack Obama. This comprehensive healthcare plan opened up access to quality health insurance for many Americans who did not have or current afford it in the past. Medicaid eligibility was extended, and pre-existing conditions were now being covered. Children can also stay on their parent’s health insurance plan until they reach the age of 26.
Essential Health Benefits
The Affordable Care Act covers a wide range of services that weren’t always covered in the past. This includes hospitalization, emergency services, mental health, substance abuse, rehabilitative services, pregnancy, maternity, newborn care, breastfeeding, pediatric services, prescription medications, and preventive and wellness services. Pain management and chronic disease management are also included. This is only a tiny sampling of all the health and medical services now encompassed within the ACA.
Special Considerations
A unique aspect of the Affordable Care Act is that it was mandated that every American have health insurance coverage. This means they would have to purchase it independently or obtain it through their employer. If they could not afford to buy a health insurance policy on their own, individuals could qualify for state-assisted healthcare or Medicaid. If a person didn’t have health insurance in place, they would face stiff penalties when they filed their taxes. In 2017, the mandate was lifted, and no more fines were issued.
Recent Changes
Even though Presidents Trump and Biden made changes to the Act, the one good thing to create the ACA was the Health Insurance Marketplace. The Marketplace makes it possible for almost everyone to qualify for healthcare insurance. Having these opportunities decides on buying health insurance a personal choice. In addition, the Act still offers some of the most expanded forms of healthcare available.
With so many health insurance options available to you, you may need a little guidance when choosing one that is right for both you and your family. Call the insurance professionals of Randy Jones Insurance Services to schedule an appointment and get the answers you need. This allows you to get the peace of mind you need knowing you have a health insurance policy in place if you ever need it.
