Missouri Healthcare Exchange: List of Important Facts
For Missouri’s 6 Million residents The Patient Protection and Affordable Care Act, AKA ObamaCare or Healthcare Exchange, begins on January 1, 2014. Will you be ready for the changes? We have compiled a list of the most important things you must know in order to be prepared.
• Everyone must purchase federally approved health insurance, unless otherwise exempt, during initial enrollment period. If you choose to go without insurance you will be charged a penalty based on your income. To read more about penalties for the uninsured and to learn if you are exempt, please read the article Affordable Care Act: Penalties for the Uninsured.
• Beginning October 1, 2013 and ending March 31, 2014, all residents of Missouri are encouraged to apply for health coverage during this open enrollment. After the first year, the open enrollment period is 3 months. Contact 800-930-7956 extension 0 for assistance signing up.
• Preexisting conditions no longer prohibit residents of MO from obtaining health coverage. To learn more about this, read the article ObamaCare: Guaranteed Issuance for Everyone.
• Federal subsidies are available for over 700,000 of the currently uninsured in Missouri, as well as for anyone making under 45k per year. To learn more about subsidies and to find out if you qualify for a federal subsidy, read the article Health Care Exchange Subsidies: Do You Qualify?
If you are a resident of Missouri and want help understanding the Healthcare Exchange or for any other questions please call 800-930-7956 the number above or contact Medicoverage: ObamaCare MO.