The Patient Protection and Affordable Care Act (PPACA) health care reform law was passed in 2010. Health Reform applies to all insurance plans.
All health plans must now cover preventive services like your annual physical, vaccinations, screenings and FDA-approved birth control.
Under the Affordable Care Act, young adults can stay on their parent’s health insurance plan until age 26.
This means you can’t be turned down for coverage because of health reasons. Health insurers are prohibited from discriminating against anyone due to pre-existing conditions.
To make it easier for people to buy health insurance, there are Health Insurance Marketplaces and Exchanges. They are like shopping malls for health insurance. They let you shop for a health plan and enroll in the plan that best fits your needs. They also let you compare prices and benefits. The official health insurance marketplace in Connecticut is Access Health CT.
For those who are eligible, Federal subsidies help to offset the cost of insurance for lower-income buyers that purchase plans through a state Marketplace or Exchange. Learn more about subsidies.
While it’s important to have health insurance to get the benefits you need to stay healthy, it’s also required by law. In 2017, if you don’t have coverage, there will be a financial penalty issued by the federal government.