IT'S OPEN ENROLLMENT TIME AGAIN FOR
MEDICARE AND ACA
Let's get our alphabets out of the way first
CMMS - Centers for Medicare and Medicaid Services
ACA - Affordable Care Act (Obamacare)
CHIP - Children Health Insurance Program
HDHP - High Deductible Health Plan
HRA - Health Re-imbursement Account
FSA - Flexible Spending Account
APTC - Advance Premium Tax Credit
FPL - Federal Poverty Level
The terms above are common terms you will see when navigating thru enrollment process for medicare and obamacare.
Open enrollment runs from October 15, 2016 thru December 7, 2016
ACA/OBAMACARE:
Open enrollment runs from November 1, 2016 thru January 31, 2017
See the chart below to see how your income compare to the guideline for ACA| FPL INCOME GUILDLINES | |||||
| family size | 100% | 133% | 138% | 250% | 400% |
| 1 | $11,880 | $15,800 | $16,400 | $29,700 | $47,550 |
| 2 | $16,020 | $21,300 | $22,100 | $40,050 | $64,100 |
| 3 | $20,160 | $26,800 | $27,800 | $50,400 | $84,650 |
| 4 | $24,300 | $32,300 | $33,600 | $60,750 | $97,200 |
| 5 | $28,440 | $37,850 | $39,250 | $71,100 | $113,800 |
| 6 | $32,570 | $43,318 | $44,946 | $81,425 | $130,280 |
| 7 | $36,730 | $48,850 | $50,700 | $91,850 | $146,900 |
| 8 | $40,890 | $54,400 | $56,450 | $102,250 | $160,550 |
Did you Know...
that you could penalized up to $695.00 for not signing up for ACA.
To find out your eligibility for ACA please click here Healthcare.gov
or
Call the Marketplace at 1-800-318-2596
I wonder how Medicare will change for the lower and middle class who depends on Obama Care for insurance that is in the plans to be destroyed by the Trump administration.
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