If you’re a young adult, the implementation of the Affordable Care Act, or “Obamacare,’ is good news for you.
If you already have health care coverage, keep it. If you don’t have coverage, you can buy insurance in the marketplace. Starting on October 1, just eight days from today, you can begin shopping for insurance on the Health Insurance Marketplace, and obtain coverage—at lower costs and with more choices than ever before.
Health insurance policies take effect on January 1, 2014. Even if you already have health insurance coverage, you gain new protections, thanks to the law.
Whether you’re uninsured, you’ve been denied coverage in the past, or you just want to explore new options, the Health Insurance Marketplace will give you more choice and control over your health coverage. The Marketplace will operate in all states, including here in New Mexico, so no matter where you live you’ll have access to coverage—with more choices, and lower costs—than ever before.
If you need coverage, you can use the Marketplace to obtain health care coverage. If you have coverage, you gain new protections.
The Marketplace and what’s changing in 2014
In the Marketplace, you can compare coverage options based on price, benefits, quality, and other features important to you. You can choose the combination of price and benefits that fits your budget and meets your needs.
- You can get lower costs on coverage: The Marketplace application will tell you if you’re eligible for a new way to get lower costs on your monthly premiums or out-of-pocket costs for private insurance. You’ll also learn if you can get free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP).
- Essential health benefits are covered in the Marketplace:All plans must offer a comprehensive set of essential health benefits including doctor visits, preventive care, hospitalization, prescriptions, and more.
- Pre-existing conditions will be covered: Plans won’t be able to deny you coverage or charge you more due to pre-existing health conditions, including a pregnancy or disability.
- You can get help in your area: If you need help finding a plan, several kinds of help will be available to give you personalized assistance with the process.
Rights & Protections
The health care law offers new rights, consumer protections, and benefits like free preventive care.
For young adults, there’s more good news:
- New coverage options: If you’re under age 26, you can be covered on your parent’s health insurance plan now if it allows for dependent coverage. If you’re under 30, you are eligible for a lower premium “catastrophic” plan through the Marketplace starting in 2014.
- Get more preventive care, for less: Many insurance companies are now required to cover preventive care for free. This includes 15 covered benefits for all adults, 22 for women (including pregnant women), and 26 for children.
- Save money: You may be eligible for lower costs on your monthly premiums for private insurance. You could also be able to save on out-of-pocket costs. You may also be eligible for coverage through Medicaid in your state. Your children might be able to get coverage through the Children’s Health Insurance Program (CHIP).
- Get the latest information about the Marketplace: Sign up for email or text updates and we’ll let you know about key dates and news about the Marketplace.
Learn more about the Affordable Care Act, also called ‘Obamacare’
- www.HealthCare.gov — the health insurance marketplace
- www.BeWellNM.com — New Mexico’s health insurance marketplace page
- www.GetCoveredAmerica.org — a nonprofit, nonpartisan campaign of Enroll America
HealthReform — a White House website
- www.HHS.gov/HealthCare — a U.S. Health and Human Services website