• Expatriate Health Insurance Blog

  • Tuesday, November 21, 2017

  • Who is eligible for reduced health insurance rates due to Obamacare in 2014?


    Filed Under: Blogging

Health Insurance- Who’s Eligible for Obamacare?
As April 2014 approaches the new healthcare law reforms that were enacted by our current president will take effect. So this section covers who will be eligible for the reduced rates in insurance that are going to supposedly occur through Obamacare. If you are actually eligible for Obamacare you can see a greatly reduced bill when it comes to purchasing your healthcare insurance for yourself or for your whole family.
The biggest groups who will see a benefit from Obamacare will be those individuals right now who are struggling, which used to be the middleclass population. Individuals can get reduced rates and tax credits back even if they do not qualify for the government Medicaid program now. In other words this means you will be getting a boosting hand in order to help you pay for the costs of health insurance. This part of Obamacare does not come into effect until 2014 sometime.
The other part of Obamacare that will help families and individuals who are struggling is the fact that they will now be opening health insurance exchanges in 2014. This means that your health insurance might come from a different state that has lower health insurance rates than your state currently provides to the residents. You can even apply for Medicaid through the healthcare exchange in 2014. This means that many people will now be able to afford health insurance where before they could not because a basic plan costs an individual approximately 300 minimum in some states. This is a hard number to pay when an individual only makes 20k a year or 10.25 hourly on part time status jobs. This is the fastest growing number of jobs available to the public now days.
In sum this means that everyone in one way or another will benefit from lower rates except the rich people in America. They will still get a tax credit and not be taxed from having health insurance on their own. The old middleclass will eventually appreciate this change when it occurs in 2014.

Commenting is not available in this channel entry.

« inbound-choice-insurance Health Insurance will be mandatory starting this April in 2014. »