Facts about ACA

Pros VS Cons

PRO'S

* Open enrollment runs NOV 1st-DEC 15th every year

* The Affordable Care Act and Obama Care are the same thing

* As of Jan 1st 2014 it is illegal for insurers to deny you coverage or charge higher rates because of Pre-existing conditions.

* All major medical plans have to cover all essential health care benefits ( doctors visits, prescription drugs, hospitalization etc.

* ACA was designed to protect consumers from insurance companies

* More than 16 million Americans have health insurance through the ACA Marketplace.

* You may reimbursed for your health care cost. 80% of your insurance premiums must go towards medical care or improvements

* All Preventative Services have no additional cost

* If you work for an employer with more than 50 employees and are full time, they must offer you health insurance

CON'S

* You can only change plans during open enrollment

* The more you make the less assistance you qualify for

* Higher income levels are subject to higher deductibles and out of pocket expenses

* Doctors can choose to refuse/accept any insurance plan of there choice

* You can be fines if you don't maintain health insurance for 9 consecutive months

* Businesses are cutting hours to avoid health care cost

* Some employer plans are higher than ACA plans. ( if its less than 9.5% of your annual income you can not opt out.)