Tuesday, April 30, 2019

Final view - Federal affordable health act

Chapter Recap

This chapter provided an overview of the Patient Protection and Affordable Care Act (PPACA), its coverage options and required benefits. Let's recap them:

AFFORDABLE CARE ACT (ACA)
Features and Coverages
  • Mandates preventive, educational, and community based health care
  • Premium rates may be based on geographic rating area, family composition, age, and tobacco use
  • Children are covered until age 26
  • Coverage for pre-existing conditions
  • Enrollment period: November 1 to January 31
  • Metal levels/plan covers: 
    • Bonze 60%
    • Silver 70%
    • Gold 80%
    • Platinum 90%
  • Grandfathered plan - existing provisions that are not required to change in response to new laws, restrictions or requirements
Eligibility
  • Must be a U.S. citizen or national or be lawfully present in the United States
  • Must live in the United States
  • Cannot be currently incarcerated
Essential Health Benefits
10 essential benefits:
  • Ambulatory patient services
  • Emergency services
  • Hospitalization
  • Pregnancy, maternity and newborn care
  • Mental health and substance use 
  • Prescription drugs
  • Rehabilitative and habilitative services and devices
  • Laboratory services
  • Preventive and wellness services and chronic disease management
  • Pediatric services, including oral and vision care
Insurance Exchanges (Marketplace)
  • Federally-facilitated marketplace
  • State exchanges
  • SHOP
  • Helps applicants to: 
    • Compare private health plans
    • Obtain information about health coverage options and eligibility or tax credits
    • Enroll in an appropriate health plan