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What does the Affordable Care Act benchmark mean for you?

Updated: Friday, September 13 2013, 05:29 PM CDT
Reported by: Christina Butler

On October 1, the open enrollment window will open for the Affordable Care Act.
 
It especially impacts the currently uninsured, because beginning January 1 it will be illegal to not carry health insurance.
 
There will be several levels of coverage to choose from. Each level of coverage includes comprehensive coverage which includes in patient, ambulatory, essential care and labor and delivery. Children will have dental and vision coverage options.
 
The fines for not getting coverage in 2014 will be $95 per adult. But by 2016, those fines jump to $695 per adult.
The fine money would be withheld from tax refunds. "It's really the government's way of saying if you are going to have to pay, you might as well pay and get something good like really reliable health coverage," says Jenni Black who is the chief adminstrative officer at Family First Health in York.
 
It is up to the individual who already has private insurance to decide if a federal insurance program will be less expensive. "You basically need to be knowledgable about whay your employer is paying and what is the full cost of employer paid health coverage. There may be plans where it may be better for a person to go on an insurance product from the marketplace, but we don't anticipate that is going to be likely," says Black.
 
To find out more about the Affordable Care Act and insurance options, visit http://kff.org/.   Exact rates for programs will not be available until October 1.
 
Enrollment runs through March 31.  Coverage takes effect January 1, 2014. What does the Affordable Care Act benchmark mean for you?


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