Tips on Choosing Plan Under the Affordable Care Act

Tips on Choosing Plan Under the Affordable Care Act

Insurance markets can start enrolling patients as part of the Affordable Healthcare Act starting October 1.
WASHINGTON - Insurance markets can start enrolling patients as part of the Affordable Healthcare Act starting October 1.

The healthcare bill is a complex subject that could change a family's future. The Affordable Healthcare Act, also known as Obamacare, will require everyone to purchase insurance or you will be subject to a fine.

Health experts from WebMD say if you have Medicaid or Medicare you don't have to do anything. For those who don't have health insurance or buy it on your own there are some factors to be aware of.

"Take a look at the plans that are available to you and also what kind of financial assistance will you be eligible for," Lisa Zamosky, WebMD's Health Reform Expert, said.  "In order to be able to do that, it's a good idea to start collecting some information like your total household income, tax forms, and your family size. These are a few basic pieces of information that will help you prepare for applying for a health plan starting October 1st."

Keep in mind everything isn't even set in stone yet. Many states are still deciding if they want to expand Medicaid or their health plan and exchanges in general.
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