Thanks to the Affordable Care Act, more than 10 million Americans have gained health coverage.
Enrolled at HealthCare.gov; paying the same premium but with much better coverage.
Rates dropping from $837 to $432/month; Saving more than $5,000/year on health costs.
Previously denied coverage due to allergies/asthma. “I signed up for health care this weekend. It was not difficult; just took some patience.”
Enrolled at HealthCare.gov; paying $47/month after taxes (and $15/month for dental)
Previously uninsured due to a preexisting condition; enrolled at HealthCare.gov for $150/month.
Saving $2,300 a year on her premium alone. Deductible dropping from $7,500 to $3,000 a year. Signed up at Healthcare.gov.
Due to a preexisting condition, he was previously denied coverage. Thanks to the ACA, he’s covered under a platinum policy and paying $833 less a month.
Previously turned down for individual coverage. Thanks to the ACA, she and her husband are covered for the first time in 15 years.
Enrolled at HealthCare.gov in one hour. His premiums are dropping by 225%, his deductible is dropping from $5,000 to $2,000, and his benefits are expanding.
Qualifies for an $82/month subsidy, halving his monthly premium.
Previously paying $87 a paycheck for low-quality insurance. Signed up at HealthCare.gov and is now paying only $28 a month.
Qualified for a $431 subsidy. Covered for $3.37/month.
Has endometriosis and asthma; covered at Healthcare.gov for $125/month after subsidy.
Previously denied coverage due to a preexisting condition. Now choosing between her many options at HealthCare.gov.
Previously covered under a discount insurance plan with poor coverage. Now signed up for quality coverage under the Affordable Care Act.
Qualified for Medicaid under the ACA. Paying no premium for her coverage.
Pays $950/month to insure his family. Thanks to #Obamacare he can buy a similar plan for $400/month less. Will save $5,000 a year.
Enrolled at Healthcare.gov; will pay $123/month to insure his entire family.
“Quality coverage for me and my family. I will save $628 every month on premiums.”
Saving nearly $600/month on her premium with a lower deductible and lower co-pays.
Small Business Health Care Tax Credit
Health reform legislation signed by President Obama includes a Small Business Health Care Tax Credit to help small businesses afford the cost of covering their workers. See how the Small Business Health Care Tax Credit might affect four hypothetical small businesses.
Key Facts about the Small Business Health Care Tax Credit
- The tax credit, which is effective immediately, can cover up to 35 percent of the premiums a small business pays to cover its workers. In 2014, the rate will increase to 50 percent.
- The Congressional Budget Office estimates that the tax credit will save small businesses $40 billion by 2019.
- Both small for-profit businesses and small not-for-profit organizations are eligible.
- Available Immediately. The credit is effective January 1, 2010. As a result, small businesses that provide health care for their workers will receive immediate help with their premium costs, and additional firms that initiate coverage this year will get a tax cut as well.
- Broad Eligibility. The Council of Economic Advisors estimates that 4 million small businesses are eligible for the credit if they provide health care to their workers. Qualifying firms must have less than the equivalent of 25 full-time workers (e.g., a firm with fewer than 50 half-time workers would be eligible), pay average annual wages below $50,000, and cover at least 50 percent of the cost of health care coverage for their workers.
- Substantial Benefit. The credit is worth up to 35 percent of a small business’s premium costs in 2010. On January 1, 2014, this rate increases to 50 percent.
- Non-Profits Eligible. Tax-exempt organizations are eligible for a 25 percent tax credit in 2010. In 2014, this rate increases to 35 percent. (The credit rates are lower for non-profits to ensure that the value of the credit is approximately equal to that provided to for-profit firms that cannot claim a tax deduction for the amount of the credit claimed.)
- Gradual Phase-Outs. The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers.
- Premium Cost Eligibility. To avoid an incentive to choose a high-cost plan, an employer’s eligible contribution is limited to the average cost of health insurance in that state.
"The stories of everyday Americans and, more importantly, the courage it took to share those stories is what kept this effort alive and moving forward even when it looked like it was lost. They are why we got this done. They are why I signed this bill into law."
Reform by State
Find out what's happening in your state and listen to stories from Americans across the country.View the Map