New Health Insurance Options

Starting this fall, there will be a new way for individuals, families, and small businesses to buy health insurance: the Health Insurance Marketplace (also called an Exchange). The Marketplace is designed to help people find health insurance that fits their budget, with less hassle. Every health insurance plan in the new Marketplace will offer comprehensive coverage, and consumers can compare all their insurance options based on price, benefits, quality, and other features.

In addition, individuals with incomes between 100 and 400 percent of the federal poverty level (FPL) may be eligible for federal premium tax credits to help pay for private health insurance through the Marketplace. Individuals with incomes between 100 and 250 percent of the federal poverty level may also be eligible for additional cost-sharing reductions to help lower their out-of-pocket expenses (e.g., co-pays and deductibles)

Additional Changes Due to the Affordable Care Act
While there’s a lot to the health care law, a few principles are outlined below. Please follow the links for more details.

Information obtained from here