Affordable Care Act

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Boosting Insurance Enrollment In Florida

By |2019-09-14T18:57:08+00:00October 2nd, 2019|Categories: Blog and News, NHIA Blog|Tags: , , , |

Floridians are the largest population signed up for coverage under the Affordable Care Act, and that number is likely to increase. Read on to learn about the grant that a USF-based group earned, and the work that they are doing to help Floridians with insurance enrollment.

What Is The Affordable Care Act?

 The Affordable Care Act, more commonly known as Obamacare, is an insurance program that was passed in March of 2010. The legislation has three main goals. The primary mission is to make health insurance available to more people. It subsidizes healthcare for those living far below the poverty level. It also aims to help expand Medicaid and supports “medical care delivery programs”.

Why Do Groups Need Grants?

Non-profit groups aid under-served communities by connecting people to medical insurance, which can help them immensely. These groups, such as the Florida Covering Kids & Families, are designed to help simplify the insurance process. Their goal is to help the uninsured population of Florida (2.5 million people) understand insurance enrollment. They especially aim to help children and families.

Florida Covering Kids & Families does not charge people to use their services. Not only do they connect people with insurance options, they conduct research on insurance trends across the state of Florida. The catch is that Florida Covering Kids & Families is a non-profit. So how do they pay for knowledgeable insurance experts and support research across the state? With grants such as these.

How Much Will The Program Receive?

Florida Covering Kids & Families will receive 1.3 million dollars each year for the next two years. The money will go to Florida Covering Kids & Families, who will in turn work with medical and insurance organizations across the state.

The programs help enroll over 60 thousand people per year in Florida. WUSF reports that the program is grateful for the money, but frustrated at the recent budget cuts. Their budget has been slashed 85% in the past two years, from 6 million at its peak to 1.25 million last year. This grant represents a trend in the other direction though, which has inspired hope.

The director of Florida Covering Kids & Families hopes that the government will provide more opportunities for funding. “Obviously, it doesn’t give us the ability to provide the level of services that are needed across the state of Florida, but it will allow us to continue to serve Floridians through open enrollment and the special enrollment periods.”

Why the Affordable Care Act May Not Go Away

By |2017-06-01T10:06:05+00:00June 1st, 2017|Categories: Blog and News|Tags: |

Though many consider it inherently flawed, the Patient Protection and Affordable Care Act, also known simply as the Affordable Care Act (ACA), a bill President Barak Obama signed into law March 23, 2010 (hence the moniker Obamacare), has held its own despite numerous attempts by Republicans to repeal it. A CNN Poll conducted in March, 2010 showed that only 39 percent of Americans favored the ACA, while a whopping 59 percent disapproved.

The ACA’s Two Mandates

The controversy stems in part from two much-maligned provisions: the individual and employer mandates. The first compels people to buy health insurance or pay a fine.  The second, also under threat of a fine, requires a business with at least fifty people on its payroll to provide health insurance to its employees. While the ACA adds millions of people to the health insurance rolls, expands Medicaid, the insurance plan that provides free medical services to low-income Americans, bans denial of coverage because of a pre-existing condition, premiums for some have apparently skyrocketed.

Latest Attempt to Repeal the ACA

The GOP has made valiant attempts to overturn the bill, including the latest attempt, President Donald Trump’s glowing debacle in March, 2017, which cast an embarrassing light on the president and Republican House Speaker Paul Ryan. Now the ACA appears to have become baked in the system, with no sign that it will go away.

Why?

Public Opinion Changes Course

For one thing, public approval for the ACA soared to an all-time high this year, a signal that repealing it could be disastrous for the Republicans during the mid-term elections. The fog of complexity that envelopes this divisive issue may serve as an omen for those who wish to reverse it.

“Repeal and Replace”

In response to Trump’s promise to “repeal and replace” the ACA, Ryan introduced a healthcare plan that, according to the Congressional Budget Office (CBO), would have left 14 million Americans without health insurance by 2018, and 24 million by 2026.

Clash Within the GOP

Consequently, moderate Republicans, especially those whose constituents have benefited from the ACA, voted against the GOP’s newest repeal effort. Republicans in the far right wing of the party, however, didn’t think it went far enough. They wanted to slash more benefits. Consequently, they too voted no. This clash revealed intractably deep divisions in the Republican Party over healthcare. That and the wave of public sentiment supporting the ACA will likely present a hurdle in future repeal efforts.

For more information on the Affordable Care Act, please contact us. Thank you.

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More In-Depth Financial Literacy is Crucial to Getting the Most out of the Affordable Care Act (ACA)

By |2016-05-18T12:38:06+00:00May 18th, 2016|Categories: Blog and News|Tags: , |

The Affordable Care Act was designed and passed into law to ensure that every single American had health insurance. This law has brought about a lot of big changes to healthcare. The main aim was to provide affordable health care options to every single American. However, without a solid understanding of all of the financial options most people do not fully benefit from this comprehensive new law.

Coverage through the ACA has been expanded including state insurance exchanges, the expansion of Medicaid, and inclusion of the individual mandate. While more Americans than ever can now afford health insurance, the ACA has also created a complex set of new choices for the consumer that includes a number of new penalties, subsidies, and plans to choose from. Research into financial literacy when it comes to health insurance is very limited at best, but researchers have found that when it comes to retirement, debt, and financial planning the average consumer is often lacks the basic understanding, confidence, and ability to make financial decisions that are in their best interests.

Applied to the ACA financial literacy should be a paramount concern for consumers. The more effectively you can navigate the myriad of options laid out by the ACA the more you will be able to benefit from all it has to offer. This is very important especially to consumers who are considered low-income. There are a number of subsidies and tax credits available that are all designed to ensure that healthcare is affordable to everyone, but if you lack the skills necessary to make the best decisions in these regards you may not only find yourself not getting as much in subsidies and tax credits but you can also be penalized financially.

It is important to understand all of the facets of the Affordable Care Act before you make a decision regarding your healthcare. Contact us to learn more about the ACA and the options it offers.

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.