Facts About The Patient Protection and Affordable Care Act, commonly known as “Obamacare”
- Individual mandate requiring all U.S. citizens to have health insurance either through private companies, their employers, or state-sponsored exchanges. Failure to do so will result in a fine.
- Insurance companies banned from denying coverage to applicants with pre-existing health conditions.
- Insurance companies required to include preventative health care at no extra cost, banned from setting limits on payouts for coverage.
- Companies employing over 50 people required to provide those employees with health insurance.
- Children allowed to stay on their parents’ insurance plans until 26 years of age.