Obamacare leaves consumers confused, poll finds
Most of those surveyed have not decided whether they will buy insurance as required by the Affordable Care Act that goes into effect next year.
With the long-anticipated "Obamacare" insurance requirements due to be in place by Jan. 1, nearly two-thirds of those without health insurance still haven't decided whether they'll buy coverage by the deadline, a survey released today shows.
The survey by InsuranceQuotes.com also showed most consumers still don't really understand the provisions of so-called Obamacare, also known as the Affordable Care Act, or how it will affect them. And those most likely to receive benefits from subsidies provided by the new law -- those who earn less than $30,000 a year -- are the least likely to know that, the survey found.
"Even though the new health care law has been hotly debated for years, a shocking number of Americans are still unsure how it will affect them," said InsuranceQuotes.com senior insurance analyst Laura Adams.
With the open enrollment period starting on Oct. 1, consumers have less than four months to get up to speed.
The law is intended to ensure that all Americans have health insurance. That includes opening insurance to those with pre-existing conditions and eliminating lifetime coverage maximums.
For those who can't get insurance elsewhere, such as through an employer, the government will provide a health insurance marketplace. That's where consumers will be able to shop for insurance plans, determining the insurer and amount of coverage they are willing to pay for.
Under the law, penalties will be assessed to those who are uninsured as of Jan. 1. The penalty for someone who fails to get insurance is either $95 or 1% of their of their income, whichever is greater.
Among the other key findings of the survey:
- 61% of those who don't have health insurance say it's because they can't afford it
- 26% predict Obamacare will decrease the cost of health insurance while more than 60% say it will rise
- 58% of those surveyed say they don't know if they will qualify for tax credits to help lower the cost of insurance
The federal government put together this list of tips to help families prepare for how to handle the upcoming changes:
Learn about different types of health insurance. Through the Marketplace, you’ll be able to choose a health plan that gives you the right balance of costs and coverage.
Make a list of questions you have before it’s time to choose your health plan. For example, “Can I stay with my current doctor?” or “Will this plan cover my health costs when I’m traveling?”
Make sure you understand how insurance works, including deductibles, out-of-pocket maximums, copayments, etc. You’ll want to consider these details while you’re shopping around. Visit Insurance Basics to learn more about how insurance works.
Start gathering basic information about your household income. Most people will qualify to get a break on costs, and you’ll need income information to find out how much you’re eligible for.
Set your budget. There will be different types of health plans to meet a variety of needs and budgets, and breaking them down by cost can help narrow your choices.
Find out from your employer whether they plan to offer health insurance, especially if you work for a small business.
Explore current options. You may be able to get help with insurance now, through existing programs or changes that are in effect already from the new health care law. Use our resources to get information about health insurance for adults up to age 26, children in families with limited incomes (CHIP), and Medicare for people who are over 65 or have disabilities.
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It'd be more accurate to report that people are pissed off about it.
If Obamacare is sooooooooo great, then WHY did the politicians vote themselves exemption from it and any penalties for not purchasing it??????? Hmmm...??
How can anyone understand this "so-called"
Affordable healthcare when there are thousands of pages to digest,
Not only able to digest, but understand the language of legaleze
This is a program that is ready to go bust before day one.
B J Barnum once said, "A sucker is born every minute."
What a sucker we were made of by this administration.
Social security and Medicare going broke within 10 to 20 years
and no one talks about it except SPEND SPEND money we do not have
You won't pay one dime more for my plan
Keep your DR , too
The average family will SAVE $2,500 per year ( Has ANYONE found this family that will save $2,500 ? )
There is no death panels
Anyone find them, yet ?
ALL the experts say it will COST at least $2,500 more per family, NOT less.
Maybe Obuma was confused ?
Someone;Just ask Barry S.He understands everthing in Obamacare.Him and his buddy Barney
Frank read the entire bill together after going to a movie together and reading the National
enquirer to each other.
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