Many people are preparing for federal health insurance ramifications to go into affect after the law goes into full affect. Everyone is waiting to see how people will register for coverage for Obama's health care law and now the wait is over, as of Oct. 17, everyone must apply for the Affordable Care Act through the Health Care Marketplace also known as an "exchange". Well everyone but Congress and the president are exempt.
People are not getting healthcare free as they once thought, it will cost plenty and some people who have already signed up have seen prices skyrocket to unimaginable amounts for private health coverage. This program subsidized by the government through the new market created by the law accepts open enrollment from Oct. 1 to December 15, if they'd like their coverage to begin on January 1, 2014.
Everyone else must register for their healthcare by law on or before March 31 to avoid tax fines and penalties for not complying with the new healthcare mandate. Those not registering for the new required program will pay a set fines via income tax penalty or by other means necessary. If you don’t have coverage in 2014, you’ll have to pay a penalty of $95 per adult, $47.50 per child, or 1% of your income (whichever is higher). or 1% of their income, whichever is higher.
As of Oct. 1, Ohio did not have any professionals who were hired to help people get enrolled according to Lt. Gov. Mary Taylor. Taylor said that her insurance department is processing one entity's application and three other organizations also have been awarded federal money to be navigators. Ohio has additional regulations for navigators, which include a required background checks, training and certification.
The Health Care Marketplace has had several glitches since the plan was to go into action two weeks ago. Natalie Villacorta, a reporter for Cleveland Plain Dealer says, "Proponents of the Affordable Care Act see this as good. Critics see this as reducing consumer choice."
Villacorta also reports Ohio insurance regulators released rates for health insurance to be sold on the new state marketplace and said the current 2013 insurance rates of $236 in premiums for individuals will rise an average of 41 percent to 2014 premium rates of an average $332.58 a month per person.
The government website has been experiencing technical problems causing their system to go down and phone glitches from too many calls, so it seems more than just the Affordable Care Act needs fixing. Many already struggling middle-class workers are saying this will make it harder to put food on their table and a roof over their family's head at these skyrocketing prices.