Open Enrollment in the Healthcare Marketplace has begun again, are you ready to get your ACA health insurance or modify your coverage? Read on to find out if you are even eligible and to learn how to sign up or update your plan.

The Affordable Care Act is a law that was passed to help make healthcare more affordable and access to everyone. Also known as Obamacare, the Act has helped increase the number of people with health insurance by over 20 million since it was enacted in 2010. From Boca Raton to Greenacres to Port St. Lucie, our health insurance agents are ready to help you sign up for ACA if you are eligible.

The ACA has many provisions, but the most important are related to health coverage. It requires private health insurance plans to cover 10 essential benefits including maternity care, mental health services, and prescription drugs. It also prohibits insurers from denying coverage or charging more based on pre-existing conditions.

Are you looking for ways to save on healthcare and living in Boca Raton? Maybe you are trying to reduce prescription medication expenses in Port St. Lucie or Greenacres. We help our clients in Palm Beach County and throughout the Treasure Coast get signed up for Obamacare and obtain the affordable healthcare coverage they deserve. Call Absolute Best Insurance at (561) 420-0280 or click here to learn more.

ACA Eligibility Factors for Enrollment in Healthcare Marketplace

The Affordable Care Act requires that every qualified individual in the United States have some form of health insurance. This is either through an employer, a private company, or the ACA Marketplace.

There are several factors that determine eligibility for enrollment in ACA health insurance plans. These include your income, your family size, where you live, and your age.

ACA Eligibility Based on Income Level

You can apply for an Obamacare subsidy if you earn less than 400% of the Federal Poverty Level. The amount of your tax credit is calculated on a sliding scale based on your income. In the state of Florida, the minimum is 138% of the FPL, any less does not qualify for ACA eligibility.

Say for example that you are a family of four with mom and dad working at the Walmart on Forest Hill Blvd in Greenacres. Your FPL is set at $27,750 which means your family can make between 138%-400% of that amount to qualify.

Now let’s say you are a single woman who is a concierge at the Holiday Inn on Federal Hwy in Port St Lucie. Your Federal Poverty Level is set at $13,590. What this means is your income must be between $18,754.20 and $54,360 to qualify for a subsidy.

Other Criteria You Must Meet to Obtain Healthcare Marketplace Coverage

Aside from income requirements, there are other things the government asks of you in order to qualify for coverage. Some of the additional qualifying criteria are:

  • You must be a U.S. citizen *
  • You must reside in the United States
  • You cannot be currently incarcerated
  • You are not currently receiving Medicare

* Non-US citizens may still qualify for coverage based on some of the following immigrant status exemptions:

  • Green card holders or lawful permanent residents
  • Cuban and Haitian entrants
  • Victims of trafficking
  • Those applying for asylee or refugee status
  • Lawful temporary residents

Absolute Best Insurance Will Help You Choose the Right ACA Health Insurance Plan.

Don’t go through the process alone, let one of our agents help you navigate the application process at no additional charge. We ensure you get comprehensive health insurance coverage that takes care of every healthcare need for you and your family. Call Absolute Best Insurance in Greenacres, Port St. Lucie, and Boca Raton at (561) 420-0280 or click here.