|
The
Affordable Care Act (ACA): ObamaCare
Facts for kids
The following fact
sheet contains interesting facts and information on
the Affordable Care Act (ACA) - ObamaCare for kids.
The
Affordable Care Act (ACA): ObamaCare
Facts for kids
ObamaCare
Facts - 1: The reason the
Affordable Care Act (ObamaCare) was passed to
ensure all Americans were able to get health insurance,
lower the cost of healthcare and in turn reduce the
growing cost of Medicare and Medicaid.
ObamaCare
Facts - 2: Medicare and Medicaid
were established in 1965 during the LBJ administration
as part of his plans for the
Great Society. Medicare was a comprehensive health insurance program for all elderly
citizens, that was financed through the Social Security system. Medicaid, funded by federal
and state governments, was established to complement
Medicare providing health and medical aid to low-income families.
ObamaCare
Facts -
3: Health insurance exchange sites lay
out health insurance plans in a format similar to an
online store. There are four types of plans available:
bronze, silver, gold and platinum showing how each of
the plans share costs.
ObamaCare
Facts -
4: Regardless of the plan you choose,
Bronze, Silver, Gold or Platinum, the same set of
Essential Health Benefits will be covered for Addiction
treatment, Ambulatory patient services, Care for
newborns and children, Chronic disease treatment (such
as asthma and diabetes), Emergency services,
Hospitalization, Laboratory services, Maternity care,
Mental health services, Occupational and physical
therapy, Prescription drugs, Preventive services (such
as cancer screenings and vaccines) and Speech-language
therapy
ObamaCare
Facts - 5: All plans sold in the ObamaCare marketplace cover
the same basic categories of health care services but each of the
plans pay for different amounts of health care costs.
ObamaCare
Facts - 6: Each plan requires the payment of a
monthly fee (called a “premium”). The first reaction is
to go for the lowest premium - but lower monthly
premiums do not always save you money.
ObamaCare
Facts - 7: If you choose to pay less each month
in premiums, your plan will charge you more for health
services, such as doctor visits, throughout the year and
you will pay more for out of pocket expenses.
ObamaCare
Facts - 8: Each category of health plans
(Bronze, Silver, Gold or Platinum) only provides a
guideline to the average amount of health care costs
that the plan will pay. A plan may pay more or less of
your costs, depending on how much care you need.
ObamaCare
Facts -
9: Out-of-Pocket Costs are based on the
chosen plan’s deductible, co-payment, co-insurance and
out-of-pocket maximum.
ObamaCare
Facts - 10: Deductible: A deductible, or excess, is the amount you
have to pay for covered services before your insurance
starts to pay.
ObamaCare
Facts -
11: Co-payments: Co-payments are a set
dollar amount that you pay each time you receive a
service (such as say a $25 fee for each doctor’s visit
or $125 for an emergency room visit.
ObamaCare
Facts - 12: Co-insurance: Co-insurance is your share of the
costs of a healthcare service that you must pay, based on a fixed
percentage of the total charge for a service. For example, 15%
co-insurance for a hospital visit charge of $1,000 means that your
share of the costs would be $200 (20% of $1,000).
ObamaCare
Facts - 13: Out-of-Pocket Limit: A plan’s out-of-pocket limit
is the most you pay during a policy period (typically a year) before
your plan starts to pay 100% of the allowed amount.
The
Affordable Care Act (ACA): ObamaCare
Facts for kids
Facts about
ObamaCare for kids
The following fact
sheet continues with facts about the Affordable Care Act (ACA) - ObamaCare
for kids.
The
Affordable Care Act (ACA): ObamaCare
Facts for kids
ObamaCare
Facts - 14: The categories of plans (Bronze, Silver, Gold or Platinum) to help
to compare ballpark costs
ObamaCare
Facts -
15: Bronze Plans: The Bronze plans are
the lowest monthly premiums and pay for about 60% of
medical care costs
ObamaCare
Facts - 16: Silver Plans: The Silver plans pay for about 70% of
medical care costs
ObamaCare
Facts -
17: Gold Plans: The Gold plans pay for about 80% of medical
care costs
ObamaCare
Facts - 18: Platinum Plans: The Platinum plans are the
highest monthly premiums and pay for about 90% of medical care costs
ObamaCare
Facts - 19: The Marketplace also provides information to find
out whether you qualify for money-saving federal subsidies which can
lower your out-of-pocket costs or Advanced Premium Tax Credits,
which lower your monthly premiums.
ObamaCare
Facts - 20: The magnitude of the Affordable Care Act
(ObamaCare) is reflected in its hundreds of sections, which are
detailed under ten main title headings, that constitute the
law:
● Title I Quality, affordable health care
for all Americans
● Title II The role of public programs
● Title III Improving the quality and
efficiency of health care
● Title IV Preventing chronic disease and
improving public health
● Title V Health care workforce
● Title VI Transparency and program
integrity
● Title VII Improving access to innovative
medical therapies
● Title VIII Community living assistance
services and supports
● Title VIIII Revenue provisions
● Title X Reauthorization of the Indian
Health Care Improvement Act
The
Affordable Care Act (ACA): ObamaCare
Facts for kids
The Affordable Care Act (ACA): ObamaCare - President Barack Obama Video
The article on
ObamaCare provides detailed facts and a summary of one of the important events during his presidential term in office. The following
Barack Obama video will
give you additional important facts and dates about the political events experienced
during his presidency.
The
Affordable Care Act - ObamaCare
●
Interesting Facts about ObamaCare for kids and schools
●
Summary of ObamaCare in US history
●
ObamaCare - important, key
events
●
Interesting facts about ObamaCare and the Affordable
Care Act
●
Fast, fun facts about ObamaCare
●
Foreign & Domestic policies of President Barack Obama
●
The Affordable Care
Act, ObamaCare for schools,
homework, kids and children |
