Because of the Affordable Care Act, almost everyone in the U.S. needs to buy health insurance. But what does that mean for you?
Chances are, you won't need to do anything differently. If you're like most Americans, you get health insurance through your workplace and you can keep that coverage.
You Don't Have Health Insurance
You have several ways to get insurance to be covered.
You've Found Insurance Too Expensive in the Past
The law provides financial assistance to help people with low and moderate incomes to better afford health insurance. They may:
- Qualify for a subsidy, which is money from the U.S. government to help lower your insurance costs
- Qualify for Medicaid, the state-federal health insurance program for people with low incomes
You Are an Immigrant
If you're a naturalized citizen or legally immigrated to the U.S., you must buy insurance.
If you're not lawfully present in the U.S., the law requiring people to buy insurance does not apply to you.
You Already Have Insurance
In most cases, you can keep your current plan and won't need to do anything new. This is true whether you have employer-based insurance, a private plan, or insurance through the Affordable Care Act.
If your employer offers you insurance, it must meet affordability standards (not more than 9.86% of your annual income). If it doesn't, you may shop for a plan from your state's Marketplace. You might qualify for financial help in the form of lower premiums and/or cost-sharing subsidies.