There’s a lot of confusion among both the remaining uninsured and current marketplace consumers about what exactly has changed, what hasn’t, and what are the best options for enrolling in coverage. We’re busting some of the most common myths about the ACA - check them out below.
Myth #1: Financial help to lower premiums and out-of-pocket costs is no longer available. FALSE. Financial assistance is still available for low and middle-income consumers to help lower the cost of their plan. In fact, more than 8 out of 10 consumers last year qualified for a tax credit.
Myth #2: The marketplace is not stable and premiums are skyrocketing. FALSE. In fact, premium price increases for 2020 are expected to be much lower than previous years (projected at .1% nationally), and some states will even see price decreases. Increased insurer participation also indicates that the marketplace is stabilizing.
Myth #3: I am no longer protected from discrimination for having a pre-existing condition. FALSE. All of the consumer protections created by the ACA are still intact, and all plans sold by HealthCare.Gov must provide comprehensive coverage, and cannot charge a consumer more because of their health status or medical history. Plans outside the ACA marketplace don’t have to offer the same protections, so always make sure to use HealthCare.Gov when enrolling in coverage.