PATIENT PROTECTION and AFFORDABLE CARE ACT. P. L. 111-148, Signed into Law, March 23, 2010 Amended by Health Care and Education Reconciliation Act, P.L. 111-152, Signed into Law, March 30, 2010. KEY FEATURES. Dramatic Reduction in Number of Uninsured Americans Phased Effective Dates
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AFFORDABLE CARE ACT
P. L. 111-148, Signed into Law, March 23, 2010Amended by Health Care and Education Reconciliation Act, P.L. 111-152, Signed into Law, March 30, 2010
Some changes take effect almost immediately
The most far-reaching reforms take effect in 2014 and later
For example, mandated Medicaid eligibility expansions and most private health insurance reforms take effect in 2014.
Unmarried young adults can be covered under parents’ policy up to age 26, effective September 23, 2010
Maryland already provides for such coverage up to age 25
Subsidizes insurance coverage for people with income of 133-400% of FPL through premium tax credits to purchase insurance through Health Benefit Exchanges
Range of annual income for qualifying single individuals = $14,404-$43,320 (2010 levels)
Range of annual income for qualifying families of 4 = $29,326-$88,200 (2010 levels)
Amount of credit varies on a sliding scale related to income