About Affordable Care Act and Major Medical Coverage

What is ACA Health Insurance?

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ACA insurance, which is considered a major medical insurance refers to health coverage that complies with the Affordable Care Act, also known as "Obamacare." It was signed into law in 2010 to make health insurance more accessible and affordable for Americans.

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Key Features

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1. Guaranteed Coverage

   • Insurance companies can't deny you or charge you more because of pre-existing conditions.

2. Subsidies (Financial Help)

   • Many people qualify for premium tax credits or cost-sharing reductions based on income, which can lower monthly premiums and out-of-pocket costs.

3. Essential Health Benefits
   All ACA-compliant plans must cover:

   • Emergency services

   • Hospitalization

   • Maternity and newborn care

   • Mental health and substance use treatment

   • Prescription drugs

   • Preventive care (e.g., vaccines, screenings) – usually free

4. No Annual or Lifetime Coverage Caps

   • Insurers can’t limit how much they'll pay for your care in a year or over your lifetime.