Question

what types of financial assistance with health insurance coverage are provided by ACA?what percent of the remaining uninsured were eligible for financial assistance in 2018?

Answer 1

Qualified health plan ; An insurance plan thats certified by the health insurance marketplace, provides essential health benefits, follows established limits on cost sharing, and meets other requirements under the affordable care act.

The ACA offers subsidies to reduce monthly premium and out of pocket costs in an effort to expand access toaffordable health insurance for moderate and low income people - particularly those without access to affordable coverage through their employer, Medicaid or Medicare. There are two types of assistance,called the premium tax credit, works to reduce employees monthly payments for insurance coverage. The second types of financial assistance, the cost sharing subsidy, is designed to minimize enrollees out of pocket costs when they go to the doctor or have a hospital stay.