ACA vs. ObamaCare—what’s the difference? The simple answer is that they refer to the same law. ACA stands for the Affordable Care Act, while ObamaCare is the commonly used nickname for that law. The ACA created the Health Insurance Marketplace, where individuals and families can shop for ACA Marketplace health insurance from participating private insurance companies. Depending on household income and other eligibility requirements, some consumers may qualify for premium tax credits that reduce their monthly premiums. To learn more about how Marketplace coverage works, visit our ACA Health Insurance Made Simple page.
Whether you call it ACA insurance, ObamaCare, or Marketplace health insurance, the important thing is understanding your coverage and comparing your options. Before enrolling, consider the monthly premium, deductible, copays, maximum out-of-pocket costs, prescription coverage, and whether your doctors and hospitals participate in the plan’s network. Some eligible consumers may have access to $0 monthly premium ACA plans, although other healthcare costs can still apply. Want to find out what ACA Marketplace plans and savings may be available to you? Call Shields & Associates at 402-545-8954 or complete our Free Insurance Quote form for help reviewing your health insurance options.