What’s new in Obamacare for 2021
The biggest issue facing us this year is what happens if the Supreme court strikes down the Affordable Care Act. The important things to understand is that the act has many parts, and it is doubtful that the Court will completely invalidate it. If they do, it is likely that there will be a timeline for Congress to restructure it so it is constitutional or pass a replacement plan. Both the Democrats and the Republicans have promised to protect people with pre-existing conditions. Also, it is not likely that the entitlement program for subsidies will be removed since the Aca has been around for almost 10 years. Finally, the expansion of Medicaid would appear to also be safe for those who have income under 138% of poverty level in states that have expanded Medicare. For the approximately nine million people who get coverage through the program it is important to move forward with getting coverage for 2021.
You can preview your plan for 2021 at no cost by using link below. Sign up period this year is November 1st until December 15th . Find out what plans you can get and what your subsidy level will be for 2021. All of your information is safe and will not be shared or sold.
Link to our secure site: https://www.healthsherpa.com/?_agent_id=glen-riensche-qnw_eq
I know that sometimes it is difficult to project next year's income, so if in doubt give us a call and we will be happy to help you. There is never any charge for our service as we are compensated by the insurance company that you choose if you allow us to serve you. Below is a chart of the 2021 subsidy levels.
If you have an income less than 400% of poverty based on your family size it is important to see if you qualify for the ACA subsidies. If you have group insurance available that normally will disqualify you for subsidies. However, if your group insurance is considered unaffordable, that would qualify you for subsidies. Group insurance is considered unaffordable if it is more than 9.78% of your household income for the lowest cost plan available. For more information as to how that affects you please give me a call at 402-202-2550.
