About Obamacare in Montana
In Montana, Obamacare, or the Affordable Care Act, is a federal statute program which was created to increase insurance coverage for low-income United States citizens and reduce healthcare costs as well. In Montana, the Affordable Care Act (ACA) program enrolled 58,114 people in private plans by the enrollment period ending January 31, 2016. This was achieved by the marketplace insurance providers who selected or automatically re-enrolled Montana residents into the program. More than 11 million US citizens were selected for Obamacare or automatically re-enrolled for the marketplace coverage programs in 2015. Close to 84 percent of the consumers in Montana who were registered into the marketplace programs became qualified for an average of $230 per month in tax credits. To learn more about Montana Obamacare, review the topics below.
• Did Montana accept the Obamacare Medicaid expansion?
• Does the state or federal government run the health insurance exchange in Montana?
• Eligibility for Obamacare in Montana
• How to apply for Obamacare in Montana
• Health plan cost and availability in Montana
Did Montana Accept the Obamacare Medicaid Expansion?
Questions may be raised as to what is the Obamacare Medicaid expansion program, and how is it helpful. Exactly what is the expansion of Medicaid in MT? The Affordable Care Act Medicaid expansion is a provision that was created with the intention of expanding Medicaid coverage to citizens whose family incomes are at least 133 percent below the federal poverty level, especially non-elderly adults who do not have children. The expansion program enables such people to qualify for Medicaid insurance coverage. While ACA Medicaid expansion cost to states was a big point of concern, MT accepted the plan for its citizens. In the spring of 2015, Montana became the 29th state to accept the ACA Medicaid expansion program to benefit residents who did not meet Obamacare Medicaid eligibility before the new plan. Prior to accepting the plan, expansion efforts had been met with resistance because of unclear Obamacare Medicaid expansion details. However, the Obamacare Medicaid expansion waiver commenced in January 2016, and Montana residents who completed Obamacare Medicaid applications during that period could benefit from the coverage.
Does the State or Federal Government Run the Health Insurance Exchange in Montana?
Obamacare applicants may be curious to know what is the health insurance exchange and how does it work? The Obamacare health insurance exchange is a health insurance marketplace for beneficiaries who want to enroll in individual, but affordable, plans in the health insurance marketplace. This raises another question of “What is the marketplace for health insurance and how is it regulated?” The Obamacare marketplace is an online platform provided by the Affordable Care Act to enable MT residents to compare prices of various health insurance plans and then select plans that provide minimum essential coverage for them. The MT Obamacare healthcare marketplace also enables the beneficiaries to get federal exemptions and subsidies for their health insurance coverage. However, it should be noted that not everyone will qualify for subsidies, though all will qualify for basic coverage. The Obamacare healthcare marketplace in Montana is federally-regulated, and this means that the state does not have huge influence in the marketplace activities. Montana marketplace health insurance providers like Pacific Source, Blue Cross Blue Shield of Montana, and Mountain Health Cooperative are the primary carriers. Montana health insurance exchange regulations are determined by the federal government, and these rules apply to the healthcare marketplace as well.
Eligibility for Obamacare in Montana
It is important to know how to qualify for Obamacare in Montana before comlpleting an application. What are the requirements to apply for Obamacare in Montana? One of the most common Obamacare income requirements is that the applicant or applicant’s household income must be at least 133 percent below the FPL (Federal Poverty Level) income limits. The Montana Affordable Care Act allows insurance coverage for low-income adults who do not have children especially through the Medicaid program. Most importantly, a person who is eligible for Obamacare must be a citizen of the United States, or be a national who is staying lawfully in the country. These Obamacare coverage eligibility requirements are basic qualifications for applicants who want to enroll in the affordable health coverage programs of Montana.
How to Apply for Obamacare in Montana
It is crucial to know how to apply for Obamacare insurance in Montana. On an individual level, many ask, “What do I need to apply for Obamacare, specifically in Montana?” Some of the items that may be required when making an application include family tax information, projected incomes for the present year, social security numbers of household members, employer information of all family members, medical history, policy numbers of current insurance plans, among other personal information. Besides knowing what is needed to sign up for Obamacare, it is also important to know how to enroll in Obamacare in Montana. The most common ways of how to get Obamacare are through online applications, mail, phone, or by using selected community assisters. When applying for marketplace insurance, phone, online and email are the most common ways of submitting an application.
Pacific Source, Blue Cross Blue Shield of Montana, and Mountain Health Cooperative marketplaces can offer assistance to applicants who are not sure where to apply for Obamacare in Montana. The applicants can pick application forms and call marketplace customer representatives who will offer assistance on how to fill the forms. Completed forms can also be mailed to any of the Montana health coverage providers. Community assistants like insurance agents, brokers, and selected assisters can help applicants in the application process. For others who would like to know, “Can I apply online for Obamacare?” then the answer is, yes. Applicants can use online marketplace platforms to enroll during open enrollment and special enrollment periods.
Health Plan Cost and Availability in Montana
The question of how much does Obamacare cost may be difficult to answer because the amount beneficiaries pay depend on several factors. Obamacare health insurance price estimates are dependent on the age of the beneficiary, subsidy qualification, level of coverage chosen, place of residence, and whether the person smokes or not. “So how much will Obamacare insurance cost me?” Again, this is determined by the preceding factors, including your chosen coverage level. The Montana Obamacare coverage levels are bronze, silver, gold, platinum and catastrophic plans. Obamacare health insurance plans costs depend on the actuarial value they offer to the beneficiaries and the platinum level offers the highest actuarial value of all the plans.