Is obamacare and medicaid the same thing?
I would like to know because I received a letter from DHS saying that I am not eligible for Medicaid or health care independence program because my monthly household income is above the income limit for my household size. So was I denied obamacare? But they did say that I can still visit www.healthcare.gov to apply for financial assistance and/or to select a health insurance plan to meet my health care needs. But the letter does not specifically say obamacare or affordable care act.
Medicine and Healthcare: What is the difference between Medicaid and Obamacare?
Medicaid:Medicaid is a social welfare program designed to provide healthcare coverage for the poor in the United States. Certain people with disabilities can also qualify. Funded both by the federal government and individual state governments, the healthcare program was created to help provide health insurance to people lacking the money or resources to afford coverage. Each state has its own eligibility requirements and policies. The key thing here is: it’s a health insurance program that’s provided and run by the government.Obamacare:Health plans under Obamacare are not provided or run by the government; the government merely helps you find affordable, health coverage through its health insurance exchange (Health Insurance Marketplace ’s “Marketplace”). In some cases, though, you may qualify for an Obamacare subsidy (a sum money from the government to offset some costs) to help you pay part of your monthly health insurance premiums.“Obamacare” doesn’t actually refer to a specific health insurance plan or program. When people say “I have Obamacare,” what they actually mean is “I’m covered by a health plan made available through Obamacare.” The Affordable Care Act (“Obamacare”) made it so that private health insurers could provide consumers with more affordable healthcare options.Important to note: plans offered by private insurers through the Marketplace (“on-exchange”) differ from healthcare plans that those same private insurers offer outside the Marketplace (“off-exchange”). You can read more about those differences and why they’re different here.
What is the difference between Obamacare and socialized medicine?
The Affordable Care Act (relative to health insurance) states that you must have it. WHEN you buy it, you're still getting it from all the same companies (for the most part) that have always offered it. The coverage is just mandate to look a certain way, but to the consumer they'll look mostly the same as they always have. IF you make under a certain income, then you'll receive subsidies to help pay for your care. If you qualify for Medicaid (welfare), which has been for nearly 50 years, then you'll be able to sign up for that as well. Socialized medicine is where you and the company you work for pay a significant amount into taxes and the government acts as the insurance company...like they do for Medicare.
What is the difference between Medicaid, Medicare, and Obamacare?
Medicare and Medicaid are basically government medical insurance.Medicare is funded partially/mostly from a payroll tax, and the primary recipients are retirees, those over 65 years of age.Medicaid is funded mostly by the states and by the general fund. It is primarily for low income people, and states set their own maximum income levels.Obamacare is a nickname for the ACA (Affordable Care Act), which is not insurance. It is a set of laws on healthcare, setting standards for insurance, requirements for employers, etc. Minimum guidelines basically. It also provides subsidies for those who don't qualify for Medicaid, but are on the lower end of the income scale. But the insurance is through private companies such as Blue Cross or United Healthcare.
Obamacare vs employer health insurance?
I was going to sign up for my employers health insurance next month. I work at a library and they have Anthem. I took it out once before and it was very expensive. Since my job is part-time and I had trouble finding a physician who would even accept it, I dropped it and went back to the VA since I'm a veteran. I now have nerve damage from a dental visit which the VA cannot treat and the pain clinic they out-sourced me to first cauterized the nerve and when that failed I had cyber-knife treatment (3 hours of radiation) still with no success. Now people are telling me to hold out until October when Obamacare kicks in to save money as the cost of the Anthem insurance is due to quadruple!? This is so confusing and I really need to find a doctor who can prescribe ongoing pain medication. (The VA has discontinued Oxycontin and replaced it with morphine which does nothing for severe nerve damage.) Thanks for all your answers from an Iraq/Afghanistan veteran.
How does obamacare work?
Though the sweeping, 1,000-page plus law passed more than two years ago, much of it will not go into effect until 2014. That's when states will have to set up their own health insurance exchanges, payroll taxes will go up on higher-income workers, and Americans will have to buy health insurance (for many, with a government subsidy) or pay a penalty of 1 percent of their income to the IRS. (The penalty increases to 2.5 percent by 2016.) Employers who have more than 50 employees and don't offer insurance will also begin to face a penalty. Insurers will no longer be able to turn away people with preexisting conditions, or charge people higher premiums based on their gender or health. In August, health care plans will have to offer preventative services--including birth control--at no extra cost to customers. An estimated 32 million uninsured people will gain coverage under the law, according to the Congressional Budget Office. Many of the more popular provisions of the law have already gone into effect, including a regulation saying insurers have to let children stay on their parents' plans until they are 26 years old, which 2.5 million Americans have already taken advantage of. Insurers can also no longer turn away children with preexisting conditions, and sick uninsured people can buy coverage in high-risk pools set up by the government. Despite this intentional front-loading of consumer friendly, popular provisions of the law, most of the American public either doesn't like or has no opinion on the law. Most people said they wanted the Supreme Court to strike down all or part of the law in a recent poll. ~David