The 5 Most Common
Affordable Care Act
(Obamacare) Misconceptions
by Cook Martin Poulson, P.C.
www.cookmartin.com
My Employer Is Required To Provide Coverage
Employers are not necessarily required to offer health coverage to employees.
...
Everyone must enroll through
state or federal exchanges
The only individuals who will be required to
enroll through the st...
My state doesn’t have an exchange, so
I’m not required to enroll
States were given the option to develop their own individ...
The Affordable Care Act is going to
cost me a lot of money
www.cookmartin.com
Many individuals who enroll
through the exch...
The Affordable Care Act is
government insurance
The federal government, under The
Affordable Care Act, does not sell or of...
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Common Misconceptions About Obamacare

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The media is abuzz with talk of The Affordable Care Act (also known as Obamacare). There are a lot of misconceptions out there! Find out what's true and what's rumour.

Published in: Health & Medicine
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Common Misconceptions About Obamacare

  1. 1. The 5 Most Common Affordable Care Act (Obamacare) Misconceptions by Cook Martin Poulson, P.C. www.cookmartin.com
  2. 2. My Employer Is Required To Provide Coverage Employers are not necessarily required to offer health coverage to employees. Beginning January 1, 2014, large employers (those who employ more than 50 full-time employees) will be required to offer affordable health coverage to eligible full-time employees. Employers below the 50 full-time threshold are not required to offer health insurance to employees. www.cookmartin.com
  3. 3. Everyone must enroll through state or federal exchanges The only individuals who will be required to enroll through the state or federal exchanges are those individuals who do not currently have “minimum essential coverage”. Individuals can still purchase their insurance directly from the insurance providers, but if they do, they will not be eligible for premium subsidies available from the federal government for individuals or families with household incomes under 400% of the federal poverty level. www.cookmartin.com
  4. 4. My state doesn’t have an exchange, so I’m not required to enroll States were given the option to develop their own individual exchange or defer to the federal exchange. Only 16 states currently have state-run exchanges. Some states are at various phases of implementing their own exchange, but more than half of the U.S. defers to the federal exchange. Any State that defers to the federal exchange does not exempt residents of that state from The Affordable Care Act. www.cookmartin.com
  5. 5. The Affordable Care Act is going to cost me a lot of money www.cookmartin.com Many individuals who enroll through the exchange will find they are eligible for premium subsidies and may actually find their cost is lower than what they were previously paying for coverage. Those individuals or families who’s household income is below 400% of the federal poverty level will qualify for premium subsidies.
  6. 6. The Affordable Care Act is government insurance The federal government, under The Affordable Care Act, does not sell or offer insurance. The individual exchange allows you input your information and gives you premium coverage rates for varying levels of coverage offered by several different insurance companies. Based on the information input, you may qualify for a premium credit that may drive down your cost even further. www.cookmartin.com
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