Health

The topic of Healthcare in North Carolina can be extremely confusing. Even the simple issues can cause great debate. For instance, take the issue of what to call the Affordable Health Care Act (ACA). What is the official nickname of this act- Obamacare? Trumpcare?  No matter what you call this healthcare law, it is important for you to know the basics to get the coverage you deserve.

Obamacare vs. Trumpcare

In simple terms, Obamacare is the most popular nickname for the Affordable Healthcare Act.  The nickname Obamacare is a popular nickname  that Americans have adopted over the last 10 years.

Trumpcare became a buzz word when President Donald Trump took office in 2017. The name became more popular as the Trump administration attempted to alter the original health care law. Many Americans call the Trump Administration replace plan Trumpcare. However, the legislation was not passed so, therefore, the Affordable Health Care (ACA) remained the same except for the removal of the tax penalty for not having ACA qualified coverage. In general, Obamacare has remained the top nickname for the national healthcare law.

The Basics

No matter the nickname, it’s important for you to know the basics for the 2020 Affordable Healthcare Act:

  • Open Enrollment for the year 2020 is November 1, 2019 through December 15, 2019. This is the period where you can enroll in or make changes to a 2020 Health Insurance Plan. Unless you experience a qualifying life event, Open Enrollment is the only time you can add or change health coverage.
  • Subsidies (tax-credits) are available to individuals earning between $12,490 and $49,960. The income limits change based on the household size. For instance, a family of four can earn up to $103,000 and still qualify for a subsidy.
  • Self-employed individuals and those without access to group coverage through an employer are who this original healthcare law was designed for in 2010.

Finally, Health Insurance terms are confusing –Obamacare, Trumpcare, short term plans, direct plans, subsidy and tax credits. Not to mention, deductibles coverage, networks—let us make the process simple for you! Our goal is to explain all things Healthcare in terms you can understand. We can do provide you with all this assistance with NO COST to you! Give us a call today at 919-285-4732 and let’s start the process today.

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