Today the United States Supreme Court has again upheld the Affordable Healthcare Act aka Obamacare.
Prior to Obamacare medical insurance premiums were based on age and health, but the Affordable Healthcare Act added a new component, income and eliminated one, health. Beginning in 2013, if your income fell below 400% of the Federal Poverty Level, you received a subsidy in the form of an immediate tax credit that reduced your monthly premium. This subsidy was under attack. The law says that a state had to have a Medical Exchange in order to receive the Federal funds used to pay for the subsidy. Now in the state of Washington, where we have a state exchange, Wahealthplanfinder.org this was not a problem. However 34 states relied on the Federal Exchange "Healthcare.gov". Since the law specifically says No state exchange No money the legitimacy of subsidies provided was under attack.
Today is the 2nd Supreme Court ruling in favor of the Affordable Healthcare Act, in 2012 the Supreme Court ruled that it was constitutional to mandate Medical Insurance. So it appears that the law is here to stay.
So all that is left for you is to get enrolled. Presently you can enroll if you have a qualifying event. Qualifying events usually involve an involuntary loss coverage, ie, loss of job, divorce etc. Without a qualifying event you will have to wait until the next open enrollment period November 1, thru January 31. If your income is below the income threshold you can receive premium reductions all the way down to $0. If your income is above the threshold you can enroll directly with companies like Premera Blue Cross, Regence Blue Shield, Group Health, Moda, the process is much easier. In either case you can use ALLSTARFinancialInsurance.com to get the job done. We are able to answer your questions and provide excellent service.
