The Affordable Care Act, despite your personal beliefs about this law that governs how we obtain health insurance, we are stuck with it for now. As a vet, there were many details that I was not aware of. It wasn’t until I received a letter from my insurance provider that I owed them a nice chunk of money did that become evident. I didn’t recognize that I made some critical mistakes during the enrollment process. That’s the motivation behind this post, by no means am I claiming to be an expert! However, I want to share the top three pieces of information that I was altogether unaware that caused me to learn a very expensive lesson. So here they are:
- Veterans enrolled with VA Healthcare meet the minimum requirement for the Affordable Care Act. You do not have to purchase additional health care. Now some may read this and say “duh!!” But many veterans are unaware of this. How do I know? I was one of them and just recently discovered this fact in November.
- If by chance you have enrolled into the “Affordable Care Act” and receive health care through the VA, be aware that once the marketplace figures this out they may disqualify you for the tax credit especially if they can see that you receive any type of compensation. This means your monthly premium will increase and you could be required to pay back the difference received from the tax credit for every doctor visit for that year.
- Family members that do not meet requirements for the VA Health Care will need to go through the marketplace and select a plan during the open enrollment period from 1 November, 2015 through 31 January, 2016.
If you need more detailed information, visit the official website for the VA. I encourage all vets contact the VA and find out what you and your family are entitled to. Remember!! Open enrollment ends January 31, 2016!