The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Individuals

What Are The Different Options Of Getting Health Insurance?

1- Health Insurance Marketplace referred to as a health exchange. it began in 2014, this program helps a person find health insurance that fits their budget. The exchange is run by the state or federal government and it results in a private insurance policy. 2- Job-based coverage is when employer offers health insurance coverage. You may be eligible to receive it, including your spouse or dependents. Employers may decline coverage for certain reasons such as for part-time workers, but not for health related reasons. 3- Medicaid: Each state offers Medicaid for lower income people or for the elderly or people with disabilities. 4- Private policy: these health plans will cost the same whether acquired directly or through an insurance exchange. Subsidies will apply only if you are using an insurance exchange.

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