The Patient Protection and Affordable Care Act has been referred to as “Obamacare” and the health care reform. Signed into law on March 23, 2010, it’s goals were to grant Americans with affordable quality health care, reduce health care spending, create a cheaper health insurance marketplace, and offer new rights and benefits to its policyholder.

While this action does not replace Medicaid, Medicare, or private insurance, PPACA is issued in the form of subsidies, tax credits, and insurance exchanges, and it regulates your health insurance rather than your health care. Since it’s initiation, more than 100 million Americans have signed up for the free to low-cost health insurance.

The health care reform offers new benefits for patients such as hospitalization, emergency care, prescription drugs, maternity and newborn care, and more. These benefits are to be enforced on all “non-grandfathered” insurance policies. A grandfathered policy is one that was created on or before the date the PPACA was signed into law. Also, free preventive services like annual checkups, for example, and included in at no out-of-pocket cost.

There are three ways to save money by the health care reform:

– Advanced premium tax credits, which lower your monthly premium costs,
– Cost sharing subsidies, which lower your out-of-pocket costs for copays, coinsurance, and deductibles, and;
– Medicaid, which does b oth.

Open enrollment for this network began on November 15, 2014, and will end on February 15, 2015. It is important to consult with an insurance provider about the Patient Protection and Affordable Care Act to have it thoroughly explained before making a decision to apply or enroll.

Before becoming a member of the new health care marketplace, it is important to know:

– How much of a subsidy you might receive,
– How much of a penalty you will pay if you do not receive health insurance,
– If your current employers plan the best option for you, and;
– How much you will pay going through the new health care marketplace.

Here at the Sanford Group, we want you to get the most out of your insurance. To schedule a consultation, contact us at 678-454-0661 or email us at