ACA, Health

Does Obamacare cover drug rehab?

Millions of Americans have drug addictions that require treatment, but until recent years, drug rehab and other treatments often resulted in high out-of-pocket costs, making them inaccessible for many. In fact, only approximately 11 percent of the nearly 22 million Americans who need substance use treatment receive it, according to the Substance Abuse and Mental […]

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ACA, Health Insurance

How much does Obamacare cost?

Average health insurance costs for employer-sponsored health insurance in 2017 was approximately $558 for individual coverage, with average monthly employee contributions of approximately $101, according to the Kaiser Family Foundation. But what about Americans who have to buy their own health insurance? Here’s how much Obamacare costs and what factors can increase or reduce how […]

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ACA, COBRA, Health Insurance

COBRA vs ACA – which one should I choose

Losing or quitting your job can be stressful enough by itself, but often it also comes with the added issue of losing employer-sponsored health insurance for you and your family. You’re presented with COBRA health insurance as an option, and then there’s coverage under the Affordable Care Act. So which one is better? It depends […]

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ACA

What to know about the premium tax credit

In this recent post, we covered some of the essentials for understanding the relationship between health insurance and taxes. These key areas include: important paperwork (1095-A and 8962 forms), how the IRS verifies coverage, and how to file taxes if you did not have health insurance for any point in the year. Health insurance tax credits […]

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ACA, Health Insurance

What is the Affordable Care Act?

The Affordable Care Act is a healthcare reform law with three main goals: Expand access to health insurance. In 2009, more than 50 million Americans had no health insurance coverage. People without health insurance got just half as much medical care as those with insurance, on average, and were more likely to end up in the […]

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ACA, Health, Monthly Premium, Open Enrollment, Qualifying Life Event, Special Enrollment, Subsidy or Tax Credit

Reporting a major life change to the Marketplace

Let’s say you’re one of the 12 million people who signed up for health insurance during Open Enrollment. You completed your eligibility application and enrolled in a health plan. Then, several months later, your family moves to another city. You might already know you need to report your new address to the Marketplace. But what […]

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