Since its inception, the Affordable Care Act (ACA), also known as Obamacare, has been a source of confusion for everyone—from consumers to health insurance companies. And everyone in between.
Besides changing the way consumers buy and pay for health insurance, the law itself has faced a number of legal challenges. The latest, King v. Burwell, was settled by our nation’s highest court today.
The Court ruled Americans can continue to get federal subsidies through the federal Health Insurance Marketplace, HealthCare.gov. Tax subsidies currently help 6.4 million Americans in 34 states pay their monthly health insurance premiums.
What does the Supreme Court’s ruling mean?
Most importantly, you should know that if you are receiving a federal subsidy to help pay for your health insurance, this ruling will not change that. You will continue to receive your subsidy each month as long as you remain eligible.
With the uncertainty of this Supreme Court ruling behind us, we will remain focused on finding ways to control health care costs and helping North Carolinians prepare for the next Annual Open Enrollment Period, which begins Nov. 1, 2015.