Simple summaries of the Affordable Care Act – aka Obamacare

A final summary of the major changes under the Patient Protection and Affordable Care Act (PPACA) (aka Obamacare): – Kids can continue to be covered by their parents’ health insurance until they’re 26. – Insurers cannot impose an unreasonable premium increase without justification (generally anything less than 10% is ok). – Insurers have to tell customers …

Learn more about the Affordable Care Act – the individual mandate: penalty and subsidies

If you can afford insurance but do not get it, you will be charged a fee. This is the “mandate” that people are talking about. Basically, it’s a trade-off for the “pre-existing conditions” bit, saying that since insurers now have to cover you regardless of what you have, you can’t just wait to buy insurance …