Statewide insurance marketplaces offering more options that resemble Expedia for health insurance.
Starting October 1, 2013, you can use the Marketplace to:
Compare health plans to pick the best one for you and your family
Find out if you qualify for tax credits that help lower the cost of your health insurance
Find out if you qualify for government programs, like Medicare, Medicaid, and the Children’s Health Insurance Program.
Check out the Health Insurance Marketplace tab for more information!
Uninsured individuals who earn between 133% and 400% of the federal poverty level will be eligible for tax credits to help with the cost of insurance through the Marketplace. This would mean a monthly income between $1,238-$3,723 for a single individual or between $2,116-$6,363 for a family of three.
Medicaid Expansion: the Supreme Court’s ruling on the ACA allows states to opt out of the law’s Medicaid expansion, leaving the decision to extend Medicaid, or coverage for low-income adults, up to states.
Maryland and D.C. have both opted to expand Medicaid. Virginia is currently undecided on Medicaid expansion.
The new health law says that health insurance will be required starting January 1, 2014. That means everyone must get or have health insurance.
If you currently get your insurance through a large employer, your health insurance coverage only changes if your employer chooses to change it. You can keep the coverage you have and still see the same doctor.
If you currently get your insurance through a small business, the law creates opportunities for your employer to purchase higher quality and more affordable health insurance coverage.
If you are currently enrolled in Medicaid, you will be able to keep your Medicaid coverage as long as you are still eligible.
If you are currently enrolled in Medicare, you will be able to keep your Medicare coverage.
The IRS will send you a reminder about the new law. You may have to pay a fine. If you do not get health insurance, the amount of the fine will go up every year.
You may not have to pay a fine if:
You cannot find insurance that costs less than 8% of your household income,
You are a Native American, religious objector, or in prison, or
Your income is low but you do not qualify for any government program.