Although passed in 2010, Obamacare, also known by the more formal Patient Protection and Affordable Care Act or ACA, this healthcare law actually went into effect on Jan. 1, 2014. Under the ACA, all Louisiana residents’ healthcare needs are fulfilled by a federally facilitated exchange, Healthcare.gov.
For the 2015 Open Enrollment Period (OEP), research shows that more than 184,00 of the state’s residents enrolled in an approved Marketplace plan. But not all of them paid their initial premiums, and some people cancelled their coverage in the early days of 2015. This is actually about 83,000 more enrollees compared to 2014 enrollment.
By clicking on the federal Marketplace website, customers can compare available plans, whether private or for for-profit, and receive pricing and benefit information. But it’s important to thoroughly review your options. Thanks to Obamacare, there are such changes as: protections against unjustified rate hikes; exclusions due to pre-existing conditions; and the ability to remain on parents’ policies up to the age of 26.
But under the ACA, all nonexempt Americans are required to purchase health insurance within the OEP. This year, it runs from November 1, 2015, through Jan. 31, 2016. If you fail to enroll by that time, you could face the penalty of an IRS-imposed tax. We encourage all Louisiana residents to visit Healthcare.gov to review and select health coverage.
You can use the links below to get quotes direct from national insurance providers.