What does ACA mean in HEALTHCARE

The Affordable Care Act (ACA) is a federal law that was signed by President Obama in 2010. It is also known as “Obamacare” and was created to make healthcare more accessible to individuals who couldn't previously access it.

The ACA makes health insurance more accessible by offering plans with lower premiums, out-of-pocket costs, and coverage for a wider range of services. Additionally, certain specific persons are exempt from having to pay the penalty tax for not having health insurance such as those with income below the filing threshold or religious reasons among other exemptions.

Certain individuals qualify for an exemption from having to purchase health insurance under the ACA such as those with income below the filing threshold or who have objections on religious grounds, members of certain Native American tribes, and incarcerated individuals among other exemptions.

Yes! Users may be eligible for subsidies through premium tax credits if their household income falls between 100% and 400% of the federal poverty level. Subsidies help to reduce monthly payments so that users can obtain quality medical coverage without breaking the bank.

Yes! Despite several attempts from lawmakers and interest groups to repeal or replace it, the ACA is still very much in effect today. This means that people are still just as able to take advantage of its benefits and protections as they were when it first passed into law back in 2010.