Affordable Care Act (ACA) FAQs

At ePlatinum Health we understand that navigating the world of health insurance can seem overwhelming, but we want to make it easier. If you have any questions, please do not hesitate to contact us. We will be happy to address any questions or concerns. Below find some common ACA questions and answers to them.

No, the ACA does not create new insurance policies. It is instead a law that regulates the insurance industry to provide affordable, accessible, and quality health insurance through private insurance to individuals. It also expands on existing public insurance, such as Medicare and Medicaid.

The short answer here is yes. Under the ACA individual insurance is mandated, and you will have to be covered for at least 10 months of a year to avoid paying a penalty on your taxes. You may also qualify for exemptions from paying the penalty (which is monthly) for up to three consecutive months with a ā€œcoverage gapā€ exemption.

The ACA has largely lowered the cost for health insurance plans, making them affordable for many people. It provides a range of protections and rights for consumers regarding what must be covered by insurance companies, increases in insurance rates, and choice of doctor. It allows young adults to remain on their parentsā€™ plans until age 26. The ACA also makes certain demands of insurance providers, such as covering without increased charge those with pre-existing conditions, and making it illegal to cancel coverage for people who become ill.

That depends on the company for which you work. If your workplace employs over 50 people, then it is required to offer its employees health insurance benefits. If not, the ACA has opened up the marketplace to provide quality, affordable options for individuals.

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