The Affordable Care Act is one of the most important changes to healthcare law, but for many people it can seem confusing. If you are older and have Medicare, you may be unsure how this law impacts you and the coverage you have. It is always a good idea to talk to a health insurance provider to learn more about the direct impact of the Affordable Care Act on you, but there are a few things you need to know.
You Still Have Medicare
Medicare is not going away as a part of this law or the new Health Insurance Marketplace. You do not have to replace your Medicare coverage with Marketplace coverage. If you have Medicare Advantage Plan or Original Medicare, you remain covered by those plans, and there is no need or benefit to changing for many people. You do not need to do anything during Open Enrollment on the Marketplace website.
You Can Get More Coverage
As seniors, the risks of needing expensive medical care is higher. For many men and women, having more protection is a good thing. Since the Affordable Care Act went into place, Medicare has expanded some of the services it provides including mammograms and colonoscopies. These preventative health care services are available to you on Medicare, and they do not charge you through Part B coverage. You should have a free yearly wellness visit with your doctor.
The Law Keeps Medicare in Place Long Term
Another of the benefits of the Affordable Care Act for seniors is that it helps to keep Medicare in place for years to come. That is because it extends the Medicare Trust, which funds the program, at least until 2029. It does this by reducing waste, fraud and abuse within the system.
If you are not yet qualified for Medicare, the Affordable Care Act does provide you with the ability to select health insurance from the Marketplace. It is ideal to work with a third party provider to help you to navigate the process to minimize the risk that you will purchase ineffective or limited coverage or pay too much for it. As a senior, you need health insurance, but you should not have to worry about this law limiting your access.
Your health is our priority. Call Simpson Financial Group at (877) 727-7780 for more information on Boston health insurance.