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Will Costs Go Up

Frequently Asked Questions

Can I get insurance for my kids only under Obamacare?

Will I pay more for health insurance if I'm unhealthy?

Can I still see my doctor next year?

Will health insurance cost more in 2014?

Will I be able to change plans after 2014?

Am I eligible for Obamacare?

What happens if I have a lapse in coverage in 2014?

Do I have to apply for a plan before I apply for a subsidy?

Why does my household income matter under the Affordable Care Act?

Do I need to be on the same plan as my spouse?

How do Obamacare subsidies work?

The answer is not easy to give. For some people costs may go up, at least in the short-term. For others costs may go down or stay the same.
What is critical to understand is that the Affordable Care Act Health Care Reform sets a new minimum benefit standard for every major medical health insurance policy in the country.
Beginning in January 2014, any major medical plan sold must provide coverage for a minimum of 10 essential health benefits, including:

> Ambulatory patient services;
> Emergency services;
> Hospitalization;
> Maternity and newborn care;
> Mental health and substance abuse
> Prescription drugs;
> Rehabilitative and habilitative services;
> Laboratory services;
> Preventive and wellness services and chronic disease management;
> And pediatric care.

And, the law requires that all of these benefits must be covered at a minimum of 60% of their actuarial value.
Youre probably wondering, What is actuarial value?
The easiest way to explain it is to say that it is a percentage of total average costs for covered benefits that a plan will cover.
So, a plan with 70% actuarial value would typically cover 70% of the costs and the customer would typically be responsible for 30% of the costs.