Benefits Of Obamacare Insurance Plans

1. Benefits Of Obamacare Insurance Plans www.truecoverage.com

2. Obamacare Insurance Plans or just Obamacare is the colloquial name of the Affordable Care Act (ACA), which was signed into law by President Barack Obama on March 23, 2010. The act aims to ensure that all Americans are covered by affordable health insurance. The ACA has also been intended to protect consumers from insurance company maneuvers that might increase patient costs or limit care. Affordable health insurance coverage through the ACA has benefitted millions of Americans, many of whom were unemployed or from low-income groups. It provides financial assistance based on your income to help decrease your healthcare costs. www.truecoverage.com

3. It entailed Essential Health Benefits All insurance plans under Obamacare are entailed to include specific health issues, covering mental health, addiction, and chronic disease. When this insurance prerequisite was not in place, the only place where some people got the required treatment was in emergency rooms. Before this act, if someone could not pay for their healthcare, their only choice was to go to a hospital emergency room. www.truecoverage.com

4. More Reasonably Priced For Many People Insurance companies have to spend a minimum of 80% of insurance premiums on medical care and recoveries. The ACA also strives for preventing insurers from causing irrational rate increases. Insurance coverage is not free in any case, but people now have a broader range of coverage options. Even though there have been criticisms about premiums rising in some parts of the country, Obamacare restricted the global rise in health care costs. www.truecoverage.com

5. Pre Existing Conditions Cannot Be Denied Before the ACA, a pre-existing conditions like cancer made it hard for many people to have health insurance. Most insurance companies would refuse to cover treatment for these health conditions, saying that this was due to the occurrence of the illness or injury before their plans covered you. Under the ACA, you cannot be denied coverage because you have a pre-existing health problem. www.truecoverage.com

6. Provided Free Care Expansion And Significant Subsidies Under Obamacare, Medicaid coverage would qualify people earning up to 138% of the federal poverty level. Adults without children were also provided with Medicaid coverage for the first time. Working families earning up to 400% of the federal poverty level got tax credits on their premiums. Businesses with over 50 employees were needed to offer health insurance as a benefit and obtained help with those additional costs in the form of tax credits. www.truecoverage.com

7. Obamacare Covered More Routine Services Many screenings and preventive services were accessible to a larger population group. They typically boast low copays or deductibles. The purpose of these services was to delay or avoid future health problems. Over time, healthier consumers will have reduced costs. For instance, a diabetes screening and timely treatment may help avoid expensive and unbearable treatment later. www.truecoverage.com

8. Prescription Drugs Cost Less Obamacare Insurance Plans pledged to make prescription drugs more affordable. Many people, especially senior citizens, cannot afford all their medications. Every year the ACA is covering a growing number of prescription and generic drugs. Consistent with a press release of the Centers for Medicare and Medicaid Services from 2017, over $26.8 billion was saved on prescription drug spending under Obamacare. www.truecoverage.com

9. More Americans Enjoy Health Insurance Over 16 million Americans received health insurance coverage within the first five years of Obamacare. Of these newly insured people, young adults comprise a large percentage. It Included Free Preventive Care The key to staying healthy is to avoid illness or to catch problems early. Your plan comprises free preventive care when you see a doctor in the network of your plan. Preventive care involves screenings, checkups, and vaccines. www.truecoverage.com

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