Obamacare was first created under the Obama administration and was later amended in March 2017 and made a national law in 2014. Obamacare is a health insurance program which was based on the Affordable Care Act or ACA. Applying for Obamacare or ACA insurance plans can be confusing. Also, knowing what the income requirements are to qualify for Obamacare can be tricky. Knowing what your options are when shopping around for health insurance is key when searching for good coverage that doesn’t break the bank. Let’s dive into qualifications for Obamacare or ACA plans.
Who can get Obamacare/ACA?
People who are age 18 or older, can qualify to get an Obamacare or ACA plan. Or you can qualify by being enrolled under certain employer group plans. But again, if you make too much money, chances are you won’t qualify for Obamacare. What are the Requirements to Enroll for Obamacare? You need to be a U.S. citizen or lawfully resident alien (green card holder). When you apply for Marketplace coverage, you’ll find out if you qualify for a premium tax credit that lowers your monthly premium.
What are the Obamacare/ACA income requirements?
Americans with incomes below 150% of the poverty line — $19,320 per year for an individual or $39,750 for a family of four — now qualify for higher subsidies. According to the Insurance Information Institute, the poverty level for a single person for 2016 was $11,490; the median income for a family of four was $48,280. You can learn more about Obamacare Income Requirements at Healthcare.gov, and Obamacare.gov.
How to apply for Obamacare/ACA Health Insurance?
Knowing what the requirements are to qualify for Obamacare or ACA insurance plans can be confusing. You can read more on enrolling in an Obamacare plan here. Nevertheless, Standard Health provides you with information to help you save on your medical expenses and help you find the affordable coverage you are looking for. Contact us today for assistance: