How to Get Obama Care Insurance: Blue Ocean Insurance

We want to share some information with you about how people can get Obama Care Insurance. Everyone must have it because the cost of healthcare is so high without it. You never know when something will happen and you’ll need medical help, but unfortunately, many people don’t have it due to affordability issues. Thankfully there are options for those who are looking at getting coverage under this plan. 

Blue Ocean Insurance offers assistance to families in the decision-making process to obtain suitable solutions for Health Insurance, Life Insurance, Homeowner Insurance, Commercial General Liability Insurance, Personal and Commercial Automobile Insurance, and Workers Compensation. In this blog, we will talk about how you can get Obama Care insurance. 

What is the Affordable Care Act?

Popularly known as “Obama care” the Affordable Care Act, or ACA for short, is a law intended to increase the quality and affordability of healthcare in America. The ACA is a federal statute that was signed into law by President Barack Obama on March 23, 2010. It aims to achieve this through mandates, subsidies, and tax credits for individuals who purchase their insurance outside an employer-sponsored plan or directly from an insurer during the special enrollment period. 

The law also limits lifetime benefits and prices based on age to keep them in check which could lead to some companies being more competitively priced than others when it comes down to how much they’re willing to charge per month according to Labor Department statistics showing starting June 30th every employer will be required by law provide health care insurance that covers 95% of medical costs – not including drugs but those still need to be covered too!

The comprehensive health care reform law has 3 basic goals:

  • Make any health insurance plan affordable to more people. There are subsidies that lower the cost for those with incomes between 100% and 400% of FPL, which can range from $12-$47K annual income! If your household makes an amount over this limit but still qualifies in monthly cash flow (FPL), then they may be eligible for premium tax credit payments.
  • Expand Medicaid to include all adults with income below 138% of the Federal Poverty Level. Currently, 20 states have expanded their programs and another 27 are considering it as well.
  • Support innovative medical care delivery methods designed to lower the costs of health insurance generally.

 

Why should I get Obama Care Health Coverage

It’s not enough to work hard and earn a living. You need health coverage, too! Obama Care health insurance can help you with this so that the cost of your medical expenses don’t skyrocket out-of-pocket because we didn’t plan for them or were unable in advance through other means like employment benefits packages which only cover hours worked each week while they’re available at all.

More than 16 million Americans obtained health insurance coverage within the first five years of President Obama’s landmark Affordable Care Act legislation. Young adults make up a large percentage, with many being newly insured people and eligible for preventative care like cancer screenings that require no out-of-pocket costs because they’re provided by their plan! Health insurance companies are now required to spend 80% or more on healthcare. The Affordable Care Act also aims at preventing them from making unreasonable rate increases, which has made insurance coverage affordable for many people who were previously unable to afford it. 

The Affordable Care Act has given Americans with pre-existing conditions peace of mind. Before the law, these individuals with difficult health status were often denied coverage or charged more just because they had a chronic illness like cancer that wasn’t listed on their application form; but those days are over now with the financial assistance! Before the Affordable Care Act, insurance companies set limits on how much money they would spend for any given individual customer. Now the federal government, not health insurance companies, controls how much money they’ll spend on your healthcare. That way you’re covered for more than just $50,000 in expenses annually!

Finally, the Affordable Care Act promised to make prescription drugs more affordable with your insurance coverage. Senior citizens have had a hard time affording their medications, and many are unable to cover the cost with just one drug regimen anymore because it can be costly for them even in Medicare or Medicaid plans which don’t usually include coverage of generics either–the prices on these older prescriptions often range upward of $100 per month! The number covered by Obama Care with prescription drug benefits has increased dramatically since the Affordable Care Act took effect in 2010, reaching almost 50% of Americans.

Who qualifies for Obama Care Insurance

To qualify for Obamacare, there are many requirements. In general, people who don’t have access to affordable health insurance through their employer or a public program like Medicaid and Medicare will be able to enroll in the health insurance marketplace. There you can compare health insurance plans from different providers side by side and purchase one that’s the right health care coverage needs. 

In order to know if you apply for health care coverage and insurance, you need an income that is at or below certain levels. If the cost of your “benchmark plan” (the second-lowest silver level) exceeds 8.5% multiplied by family size then subsidies are available through tax credits on a sliding scale depending upon how much you make up until 400 percent above the poverty line; after this point, it’s not eligible anymore unless under age 18 lives in a household with parent(s). The discount offered by these premium tax credits (PTCs) also goes by another name: Advance Premium Tax Credit – APTC.

In 2021, premiums for new enrollees have averaged about $30 less per person per month. Subsidized individuals can also save on their deductibles with a median amount that’s fallen from the old average of around $450 to just fifty dollars! If you enrolled in an Affordable Care Act plan and got a subsidy then there are still opportunities available at this time.

How do I sign up for Obama Care Health Insurance

You have two options to enroll in Obama Care in 2021:

  • Enter to the ACA website and fill out an application. This may require you to wait for a call back from the ACA with questions about how your coverage would work best, or how much it would cost.
  • Processing through Blue Ocean which will take no longer than 10 minutes, our team will be available to assist you with any question. 

 

The Blue Ocean team will help you find the right insurance for your needs. We work with a comprehensive vision and an individualized approach to ensure that we are protecting welfare, security, or peace of mind through our advice tailored specifically around what’s best suited to meet all potential risks associated with each client’s income level and profile as well as their current living situation. We make the process quicker and even more efficient than any other insurance company or even with the government!

We hope you found this blog post useful in understanding the benefits of Obama Care Insurance. If not, we’re here for you! Give us a call at 1-800-555-1234 and one of our team members will be happy to answer any questions or concerns you have about what’s going on with your health insurance coverage. Remember that it is important to get medical care when needed so contact us today if you need help figuring out how best to go about getting Obama Care Insurance.

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