The Affordable Care Act (ACA) has expanded healthcare options across the United States, making it essential to understand your qualifications and the potential financial assistance available. Carruth Insurance is dedicated to guiding you through the ACA’s complexities, ensuring you can make the best choices for your health and financial well-being.

Why Do I Qualify for the Affordable Care Act?

The ACA is designed to make affordable health insurance available to more people. The amount of aid you can receive depends on your income level, family size, and the cost of health plans in your area.

How Do I Qualify for the Affordable Care Act?

Qualification for the ACA depends on several factors:

• Income Level: Subsidies to help pay for coverage are available for individuals and families with incomes between 100% and 400% of the federal poverty level.
• No Affordable Job-based Health Insurance: Individuals who cannot get affordable coverage through an employer are eligible.
• Residency and Citizenship: You must be a U.S. citizen or legal resident to qualify.

How Do I Know If I Qualify?

The simplest way to find out if you qualify for the ACA is through the Health Insurance Marketplace at healthcare.gov. This platform will guide you through the application process, showing your qualification status and the type of assistance you can receive.

Can I Get Financial Help?

Many individuals qualify for financial assistance through the ACA:

• Premium Tax Credits: These lower your monthly premiums.
• Cost-Sharing Reductions: These reduce your out-of-pocket costs for deductibles, copayments, and coinsurance.

At Carruth Insurance, we believe in transparency and empowering our clients with the information they need to make informed decisions. Understanding the ACA can significantly impact your financial and health-related decisions. If you have any questions or need guidance, we are here in the Mentor and Lake County community, ready to assist.