About Virginia Obamacare
After the launch of Obamacare, or the Affordable Care Act, many Americans were able to access affordable health insurance coverage, some for the first time. Residents of Virginia have also managed to acquire coverage at fair prices through the marketplace, which targets people from low-income families. As of Feb 22, 2016, the number of Virginia consumers selected or re-enrolled for affordable marketplace insurance coverage was 385,154. Out of the new signees for the marketplace insurance coverage, 83 percent were qualified for $259 average tax credit per month. Similarly, 68 percent of the marketplace enrollees acquired coverage for $100. Nationwide, the number of people selected or re-enrolled for marketplace coverage was 11.7 million. Obamacare in Virginia will be discussed in detail in the following sections:
- Did Virginia accept the Obamacare Medicaid expansion?
- Does the state or federal government run the health insurance exchange in Virginia?
- Eligibility for Obamacare in Virginia
- How to apply for Obamacare in Virginia
- Health plan cost and availability in Virginia
Did Virginia Accept the Obamacare Medicaid Expansion?
Obamacare beneficiaries may want to know what is the Obamacare Medicaid expansion and whether it is available in Virginia. Obamacare Medicaid expansion details basically state that the Affordable Care Act Medicaid expansion is healthcare coverage that was initiated by the federal government to ensure that more citizens qualified for Medicaid. ACA Medicaid expansion intends to reduce the number of uninsured citizens by providing low-cost Medicaid coverage to families with low income. After learning the answer to the question, “What is the expansion of Medicaid?” it is also important to know how one can qualify for Medicaid. In order to meet Obamacare Medicaid eligibility, an applicant and the family of the applicant must have a combined income of 133 percent below the federal poverty level. There are certain ACA Medicaid expansion cost to states, and for this reason some states have not acquired the Medicaid expansion program. Virginia is not among the 30 states that have expanded Medicaid for its residents. As a result, 210,000 uninsured people have been locked out of affordable coverage such as Medicaid and the Children’s Health Insurance Program (CHIP) in Virginia. Qualified Virginian applicants cannot submit Obamacare Medicaid applications for the expanded coverage, because the state does not provide the program. However, regular Medicaid has not changed and applicants who believe they may qualify can apply.
Does the State or Federal Government Run the Health Insurance Exchange in Virginia?
The first thing Obamacare applicants may need to know is what is the health insurance exchange, and how it is offered in Virginia. Obamacare health insurance exchange is a platform where ACA applicants can shop for coverage plans by comparing plans offered by different providers in the market. Another question that may arise is “What is the marketplace for health insurance and how is it used?” To make things simpler, ACA coverage applicants can use the Obamacare healthcare marketplace, which is a digital platform, to enroll for Obamacare or explore subsidies. The marketplace offers applicants the opportunity to access private coverage providers and select plans that suit their incomes. When the open enrollment period occurs, applicants and beneficiaries can use the marketplace to change plans, apply for cost assistance, or enroll for new plans. Virginia’s health insurance marketplace is federally-run, and this means that operational regulations are provided by the federal government. However, the state oversees the marketplace and ensures that health insurance exchange regulations are followed by the providers. Some of the carriers in the Virginian marketplace are Aetna, Cigna, CareFirst Blue Choice, Health Keepers, Innovation Health Insurance Company, and Optima Health Plan among others.
Eligibility for Obamacare in Virginia
Who is eligible for Obamacare in Virginia? Also, what are the requirements to apply for Obamacare? Since it is a mandatory requirement for all US citizens to have health insurance coverage, almost anyone at any age can qualify for Obamacare. Among the Obamacare coverage eligibility requirements is that applicants must be US citizens. They should also be residents of the county where they intend to purchase the health insurance coverage. As for the Obamacare income requirements, an applicant’s family income must be within the specified federal poverty level in order to qualify for subsidies. All these are the basic requirements of how to qualify for Obamacare and the next task should be to know how to submit an Obamacare application in Virginia.
How to Apply for Obamacare in Virginia
As an Obamacare application candidate, the question may be, “What do I need to apply for Obamacare in VA?” There are several requirements that an applicant may need to provide when making an Obamacare application. Regarding how to get Obamacare, applicants should be ready to provide information on the present year’s projected income, medical history, social security numbers, policy numbers for current insurance plans, employer information and tax returns. In terms of how to apply for Obamacare insurance, there are four main ways to submit an application. Candidates can use phone, mail, community assistants or agents and lastly, the online marketplace. Applicants who are uncertain where to apply for Obamacare or how to enroll for Obamacare can call marketplace representatives in VA and they will assist applicants on how to fill out the application forms, as well as where to submit them. Many applicants wonder, “Can I apply online for Obamacare in Virginia?” The marketplace offers VA applicants the convenience of submitting online applications during enrollment periods. Online application forms provide all of the information with regard to what is needed to sign up for Obamacare.
Health Plan Cost and Availability in Virginia
Almost all applicants want to know, “How much will Obamacare insurance cost me in Virginia?” There is no set answer to “How much does Obamacare cost?” Obamacare health insurance price estimates are based on several factors such as family size, level of coverage, subsidies the applicant qualifies for, county of residence, age, and smoking status. Obamacare health insurance plans costs are reduced if the beneficiary is qualified for subsidies or tax credits. The five plans that are offered in Virginia marketplace are bronze, silver, gold, platinum and catastrophic plans. Platinum plans offer the highest actuarial value and their beneficiaries pay the least out-of-pocket costs for health services.