EDITORIAL: The ACA isn’t dead yet, and consumers should tap into aid for 2018 coverage
One key way the Affordable Care Act, also known as Obamacare, helps consumers is by providing financial assistance to the estimated 7 percent of Americans who buy coverage on their own instead of getting it through employers or public programs. Consumers who qualify receive tax credits that act as instant discounts on monthly premium costs. Some may also be eligible for cost-sharing reduction assistance to meet annual deductibles or office copays.
The law and those two forms of consumer assistance remain in place despite the misleading presidential rhetoric and unsuccessful attempts by
About 65 percent of Minnesotans who buy on the individual insurance market are eligible for ACA tax credits. This assistance is only available on plans sold through MNsure, the state-run insurance marketplace. MNsure is also where consumers can find out if they qualify for public medical programs, such as MinnesotaCare.
Health insurance is a complex purchase, and getting it right is a must. MNsure offers an online tool to comparison shop on your own. But many people benefit from tapping into the expertise of insurance brokers and "assisters" to sort through which plan provides the best value.
While open enrollment in
Uncertainty about the ACA is understandable after a year dominated by the bitter political battle over the law's fate. Mixed signals from the Trump administration on the law's other key components aren't helping.
Shortly after taking office, Trump signed an executive order thought at the time to undermine the ACA's individual mandate -- the requirement to have health insurance. But on Thursday, the
This week, a letter signed by 10 Republican and Democratic governors warned
Political and community leaders need to spread the word about the ACA. Getting everyone covered is still doable because this law, while battle-scarred, has not gone away.
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