Key Resources & FAQ
FAQ
We want to simplify your life. In the following you see answers to some questions that might arise.
The Affordable Care Act (ACA), often called "Obamacare", is a law passed in the U.S. in 2010. Its main goal is to make health insurance more affordable, accessible, and of better quality for Americans.
Most Americans can get coverage under the ACA. It's designed especially for those without insurance and those who buy their own. Some low-income individuals might qualify for extra savings or benefits, depending on their earnings and the state they live in.
You can enroll during the "Open Enrollment" period by visiting the official Health Insurance Marketplace website. Outside of that period, you'd need a special life event, like getting married or having a baby, to enroll.
Yes, you can! When you apply through the Marketplace, you can include your spouse and any dependents you'd like to add to your policy.
A premium is the amount you pay, often monthly, to have health insurance. Think of it like a subscription fee. A deductible, on the other hand, is the amount you pay for health services before your insurance starts to chip in. For example, if your deductible is $500, you pay the first $500 of your medical bills before your insurance covers the rest.
Lyve Health is a national Affordable Care Act brokerage, meaning we help you gain quick and easy access to health insurance providers, and even recommend the best plans for you and your household. We take the guesswork out of healthcare so you can rest easy!
ACA Definitions & Glossary
Often referred to as "Obamacare", this is a U.S. healthcare reform law passed in 2010 aimed at increasing the quality, affordability, and attainability of health insurance.
The percentage of costs of a covered healthcare service an individual pays after having paid their deductible.
A fixed amount paid by an individual at the time of receiving a medical service, with the remaining balance covered by their health insurance.
The amount an individual must pay for healthcare services before their insurance begins to pay.
The amount paid, often monthly, for health insurance coverage.
A health condition that existed before an individual's health insurance policy began.