Avoid Junk Insurance/ Obamacare

If you think you’re having trouble choosing between an HMO, PPO, HSA or any other assortment of acronyms, imagine adding another layer of difficulty. That’s right; the Affordable Care Act (better known as Obamacare), is about to go into its final and most important stage of implementation. This means that within the next year, the individual mandate will go into effect and everyone will need to get health insurance. People who are on employer-sponsored plans or existing individual plans will not need to change anything, but thanks to state-based “healthcare exchanges,” it will become a lot easier for the uninsured to find affordable Arizona health insurance.

Ever since Obamacare became the “law of the land” and all hope of its repeal faded away, states have been taking a more serious approach to its implementation. It didn’t take the reelection of President Obama for Arizona lawmakers to realize that it would be upheld. That decision was made when the Supreme Court ruled that the mandate in the Affordable Care Act was “constitutional.” But whether you oppose or approve the law is less important than whether you understand its impact on your life.

According to one article from the Tucson Citizen earlier this year, “Obamacare saves Arizona consumers $27.9 million,” the Affordable Care Act’s 80/20 rule will result in millions of dollars in rebates from insurance companies. While they only average $118 per family, 414,000 Arizona residents are currently eligible for the rebates.