What You Need to Know About the Affordable Care Act



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Here’s a quick rundown on the most important things to know about the Health Insurance Marketplace, sometimes known as the health insurance “exchange.” Follow the links for more information on each topic.

The new Health Insurance Marketplace helps uninsured people find health coverage.When you fill out the Marketplace application we’ll tell you if you qualify for:

No matter what state you live in, you can use the Marketplace. In Oklahoma, HealthCare.gov, to apply for coverage, compare plans, and enroll.

Most people must have health coverage in 2014 or pay a fee. If you don’t have coverage in 2014, you’ll have to pay a penalty of $95 per adult, $47.50 per child, or 1% of your income (whichever is higher). The fee increases every year. Some people may qualify for an exemption to this fee. If you enroll by March 31, 2014, you won’t have to pay the fee for any month before your coverage began.

You’re considered covered if you have MedicareMedicaidCHIP, any job-based plan, any plan you bought yourselfCOBRAretiree coverageTRICARE, VA health coverage, or some other kinds of health coverage.

If you’re eligible for job-based insurance, you can consider switching to a Marketplace plan. But you won’t qualify for lower costs based on your income unless the job-based insurance is unaffordable or doesn’t meet minimum requirements. You also may lose any contribution your employer makes to your premiums.

If you have Medicare, you’re considered covered and don’t have to make any changes.You can’t use the Marketplace to buy a supplemental or dental plan.

Marketplace open enrollment ends March 31, 2014. If you enroll by December 15, 2013, coverage can begin as soon as January 1, 2014.

Ready to apply? Learn the 4 ways you can apply for coverage.

Questions? For more information about coverage under the ACA, call 355.5242 to make an appointment with Lynette Wallace or Cindy Sargent, ACA Outreach Coordinators at Lawton Community Health Center. They will be happy to discuss whether or not you are required to purchase insurance, and if so, find a policy that is right for your needs.