The Affordable Care Act
The officially name is Patient Protection and Affordable Care Act (PPACA), also called Affordable Care Act (ACA) Healthcare reform or “Obamacare”, was signed into law on March 23, 2010. It will bring many changes, for individuals, especially individuals, who don’t have health insurance now.
The main reason ACA was created was to increase the quality and reduce the cost of healthcare Insurance for individuals and to help millions of American get Health insurance. If you do not have a health insurance by 2014 you may have to pay a fine. However, you may be able to get help to pay for your health plan or least part of it.
There are four categories of health plans in the marketplace: bronze, silver, gold, and platinum. Insurance companies on the marketplace are required to offer silver and gold plans in the Marketplaces and may offer bronze, and platinum plans.