There’s been a lot of talks about the Affordable Care Act (ACA), also known as Obamacare, and how it compares to Medicare. Some people are wondering if they should switch from their current health insurance plan to Obamacare or if they’re eligible for Medicare.
In this post, we’ll compare Obamacare and Medicare and outline the benefits of each program. We hope this information will help you decide about your healthcare coverage.
What is Obamacare?
Obamacare, also known as The Patient Protection and Affordable Care Act or the Affordable Care Act (ACA), aims to improve and provide affordable and high-quality health insurance coverage for the people of the United States. It took effect and was signed by President Barack Obama in 2010. Americans who are out of work and underpaid have already benefited from Obamacare.
The Affordable Care Act or Obamacare has 3 goals:
- Make Health Insurance more affordable and available to people.
- Expansion of the Medicaid program so that it might cover more adults with income below 138% of the federal property level (FPL).
- Innovation of medical care delivery methods for more cost-effective health care.
Obamacare Benefits
Listed here below are some of the benefits of Obamacare:
Greater Coverage
Health Insurance has expanded coverage for medical procedures, including health care and maternity care. A well-known rule of Obamacare is that no one, especially those who have pre-existing health conditions, should be denied health insurance coverage. These include heart disease and diabetes.
Improvement in Health Outcomes
Due to Obamacare, health outcomes have also improved. A leading cause of death is hospital infection. Obamacare might prevent hospitals from charging patients for infection. According to Dr. Christopher Lillis, ACA will help Americans access high-quality and low-cost healthcare for decades.
Screenings
Obamacare might cover health and medical screenings to avoid major health problems later.
What is Medicare?
Medicare aims to provide insurance coverage for people ages 65 and above. Those 65 years old and below may also qualify for Medicare, especially those suffering from physical disabilities. Medicare might provide coverage for health care expenses, but it does not cover all the treatment costs.
Medicare Benefits
Medicare has 3 parts that might help cover specific services:
- Medicare Part A (Hospital Insurance)
- Medicare Part B (Medical Insurance)
- Medicare Part C (Prescription Drug Coverage)
Hospital Insurance
Medicare may cover inpatient hospital stays, hospice care, skilled nursing facility care, and other health care.
Medical Insurance
Medicare might provide coverage for outpatient care, doctor’s services, medical needs and supplies, and health screenings.
Prescription Drug Coverage
It might help you cover the costs of a wide range of prescription drugs purchased at pharmacies. Note that Medicare does not cover all drugs.
Conclusion
Medicare is insurance for people over 65. Obamacare seeks to strengthen and address the gaps in Medicare – including its coverage. Obamacare increased access to health services and has helped reduce costs. Ever since Obamacare was passed into law, it has helped strengthen Medicare and health care.
At Lapeira & Associates LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (855) 963-6900 or Click Here to request a free quote. Any coverage discussed is not guaranteed. Contact us today to go over your specific needs and we are happy to help you find a policy that works for you and your budget!
