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Getting the Facts Right on Obamacare

Most Americans have to sign up for health insurance by March 31, 2014 or pay a penalty for every month they go without coverage.

Objectives of Obamacare

ObamaCare, or the Affordable Care Act, aims to make quality healthcare and health insurance accessible to every American. With various schemes and modifications, the Affordable Care Act is really quite exhaustive. The reforms to the healthcare and health insurance industries cover more than thousand pages. For the average American, this basically means that there will no longer be any unjust condition by which coverage or treatment would be denied to them. No longer would a minor mistake in the application cause coverage to be denied in the middle of a treatment.

Benefits with Obamacare

Obamacare offers access to a range of protections, rights and benefits. As the name suggests, the Affordable Care Act is all about making health plans more accessible and affordable. This becomes particularly relevant when considering the fact that around 44 million citizens of America did not have health insurance in 2013, the majority of whom were working families who were not able to afford health insurance.

With the introduction of health insurance marketplaces, people can access cost-effective plans. Medicare recipients will now be provided with the similar protections and new benefits as the other healthcare insurance plan holders.

Signing Up for Coverage before it’s too Late

Americans need to know that they have to sign up for health insurance by March 31, 2014 since that’s when the open enrollment through the health insurance exchanges ends. This requires sending in your application by around Valentine’s Day in February. Failure to do so would cost you a monthly fee which would be added up to your federal income tax by the end of the year.

With more people purchasing health coverage, healthcare facilities and healthcare centers can expect to be busier places. A professional multi-specialty healthcare center that accepts Medicare, Workers’ Compensation, No-Fault and other major medical insurance plans can play a key role in implementation of the Affordable Care Act by providing comprehensive, high‐quality treatment for people of all age groups.

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