Obamacare a saving grace for many baby boomers
The seemingly never-ending pursuit of health insurance is finally over for a number of aging Americans who were left jobless during the recession.
As The Associated Press reports, the Affordable Care Act, commonly called Obamacare, has made a big impact on those “unwanted by employers, rejected by insurers, struggling to cover rising medical costs and praying to reach Medicare age before a health crisis.”
Doctor sitting in office with patient talking and smiling © Paul Bradbury, OJO Images, Getty Images
These people in their 50s and early 60s have been signing up in droves to buy health insurance through the state and federal online marketplaces, where they’ll find several tiers of plans and learn if they’re eligible for a federal tax credit to help them afford the premiums.
Eligibility for the credit is based on income, and many likely will qualify, but you have to buy insurance through a marketplace to get it. READ MORE
