In 2016, state leaders in Washington, D.C., announced they would spend $1.9 billion over three years to expand Medicaid coverage.
But as many as 16 million more Americans could face high out-of-pocket costs if the federal government does not provide additional funding.
Now the Affordable Care Act (ACA) is making that a reality.
If you have health insurance, the ACA will provide coverage to your family for up to $2,500 per year.
That means your family can cover the entire cost of your coverage, but the plan will have a deductible of $2.50 per person.
The cost will be based on your income and the age of your family.
The plan will also have a catastrophic coverage limit, so no family can get to $5,500 without paying the full cost of that coverage.
The bill also includes a $1,000 cap on the out- of-pocket cost of certain medical expenses.
The ACA will cover your family in the event you or someone you care for is diagnosed with cancer, has a pre-existing condition, or needs to have surgery.
If a medical condition arises, your plan will pay for all medical costs.
The law will also provide a $6,500 deductible for those with preexisting conditions.
The individual mandate will be waived for anyone who is uninsured or is under age 55.
It also will cover people who have incomes at or below 400 percent of the federal poverty level (FPL).
Those who are over 55 must pay for their own insurance, regardless of how much they earn.
The new law also requires insurers to cover maternity care and prescription drugs.
However, not all plans will cover maternity coverage, as the ACA requires plans to cover certain services as well.
The legislation also requires employers with at least 50 full-time employees to provide health insurance.
If your employer has 10 or more full-timers, the government will also cover that portion of the cost.
This is called a “pay-as-you-go” plan, which is what many employers are doing in Washington state.
Employers will still have to pay a portion of any costs they incur in providing health insurance to their employees.
Under the ACA, employers can use the savings from this expansion to reduce their health care costs by up to 20 percent, which will be used to pay for out-patient medical care for people who need it.
You will not have to use any of the $2 billion in the expansion to pay your health insurance premium, and the bill does not apply to people who are already enrolled in Medicare, Medicaid, or the Children’s Health Insurance Program (CHIP).
For the average worker, that would be about $500 a year, according to the Kaiser Family Foundation.
This bill has become an issue in Washington because it does not include a refundable tax credit, which states are looking to include in a future bill.
In 2017, there was some talk that the tax credit could be expanded under a later version of the bill, which could include a new version that would give people a refund of up to 15 percent of their premium.
That bill did not pass in Congress.
What you need to know about the health care law: • The Affordable Care Action Center estimates that 6 million people have gained coverage through the ACA and that another 3 million more are enrolled in the Medicaid expansion.
The program has helped thousands of low-income Americans find health insurance through employer-sponsored health insurance plans.
• Many states and Washington, DC have expanded Medicaid coverage to include people with pre-purchase conditions.
• The cost of the expansion is expected to be higher for those making less than $65,000 per year, but that is expected increase as premiums continue to rise.