Private coverage vs. ACA/Obamacare coverage: What's the difference?


The coverage you have chosen with Hixme through your employer is private individual coverage that you now own, as part of an employer-sponsored group plan, not subsidized coverage issued under the Covered California public exchange or any government sponsored program. Plans on the public exchange may be similar or match the benefits of private plans offered by carriers so you may see a plan on the public exchange that looks like what you have chosen. Therefore, the public exchange plans may be the same quality as a private plan, with the same or similar benefits.

Be clear though, that you are not covered by a public exchange plan – through Hixme you have your own private insurance that is part of an employer-sponsored group health plan.
 
Obamacare is not an insurance company or health plan. Obamacare is the unofficial name or slang term for the Patient Protection and Affordable Care Act (ACA), a health reform law signed on March 23, 2010 by President Barack Obama. It is the law that all Americans and health insurance companies must follow. The law provides Americans a number of new benefits. Because of this law, all private health plans must meet the ACA requirements, whether offered privately or via the federal or state public exchanges. Under ACA, all enrollees have guaranteed issue of coverage with no pre-existing condition limits.
 
The ACA ensures health plans offered in the individual and small group markets, both inside and outside of the Health Insurance Marketplace, offer a comprehensive package of items and services, known as Essential Health Benefits. Here is a link to a list of the ACA Essential Health Benefits.


See also: How is Hixme different than a public exchange? and Difference between a public and private exchange.
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