ACA (Affordable Care Act)
A federal law (signed 2010) that expanded access to health insurance by creating the Health Insurance Marketplace, establishing income-based subsidies, and requiring insurers to cover pre-existing conditions.
You can enroll during the annual Open Enrollment Period (November-January) or a Special Enrollment Period after a qualifying life event.
Subsidies (Premium Tax Credits and Cost-Sharing Reductions) lower monthly premiums and out-of-pocket costs for households earning 100%-400% of the Federal Poverty Level.
Medicaid expansion under the ACA extended coverage to adults earning up to 138% FPL in participating states.
→ Use BenefitKarma's eligibility screener to see if you qualify for subsidized coverage.
Also known as
Related terms
- COBRA
A federal law that allows workers and their families to continue employer-sponsored health insurance coverage for a limited period after losing a job or experiencing another qualifying event.
- Federal Poverty Level
An income measure published annually by the U.S. Department of Health and Human Services (HHS), used to determine eligibility for dozens of federal benefit programs.
- Premium Tax Credit
The Premium Tax Credit lowers monthly health insurance premiums on the ACA Marketplace. You can take it in advance or claim it at tax time.
- Special Enrollment Period
A window of time outside of the annual Open Enrollment Period during which individuals can enroll in or change ACA Marketplace health insurance coverage following a qualifying life event.
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Frequently asked questions about ACA (Affordable Care Act)
What is the Affordable Care Act (ACA)?+
The Affordable Care Act, also called Obamacare, is a United States law signed in 2010. It makes health insurance available to more people. It created a Health Insurance Marketplace to help people find plans and offers financial help based on income. It also ensures that insurance companies cover people with existing health problems.
Who can get health insurance under the ACA?+
Many people can get health insurance under the ACA. It's for people who do not get insurance through their job or other government programs. Eligibility for financial help depends on your income and household size. Most U.S. citizens and legal residents can apply.
How do I apply for health insurance through the ACA?+
You can apply for health insurance through the ACA by visiting HealthCare.gov. This website is the Health Insurance Marketplace. You will give information about your household and income. Then, you can compare different health plans and see if you qualify for help paying for your insurance.
What kind of benefits does the ACA provide?+
The ACA provides access to health insurance that covers 'essential health benefits.' These include things like doctor visits, hospital care, prescription drugs, and maternity care. It also means insurance companies cannot turn you down or charge you more because of a pre-existing medical condition.