Affordable Care Act (ACA)

SOC Final Exam

What is the Affordable Care Act (ACA)?

A comprehensive health care reform law enacted in 2010, aimed at increasing health insurance coverage, reducing healthcare costs, and reforming the health insurance market

What is another common name for the ACA?

Obamacare

What did the ACA do regarding Medicaid?

It expanded Medicaid eligibility to nearly all adults with incomes at or below 138% of the federal poverty level (FPL), effective Jan. 1, 2014

How many states have adopted Medicaid expansion under the ACA?

39 states and the District of Columbia (DC)

Has Wisconsin adopted the Medicaid expansion?

No

What are Health Insurance Markeplaces?

Platforms established by the ACA where individuals and families can purchase health insurance

Who is eligible for federal premium tax credits under the ACA?

Individuals with incomes between 100% and 400% of the FPL who:

• Are NOT eligible for other coverage

• Purchase insurance through the Marketplaces

What is the purpose of premium tax credits under the ACA?

To help individuals and families afford health coverage purchased throught the Marketplaces

What was one big change with the ACA?

The ACA changed to an income-test rather than only specified groups eligibility