How do I pay my Obamacare Insurance and who do I give my money to? And is Obamacare monthly when I pay it?

  • by Karen
  • Nov 29,2015
  • 6 answers

How do I pay my Obamacare Insurance and who do I give my money to? And is Obamacare monthly when I pay it?


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Insurance Answers (6)

mbrcatz 6 months ago

Obamacare isn't insurance. It's a law. It's a law that says buy insurance or pay a fine. You'll have to pay the insurance company; and if you buy through an exchange, most likely they'll want to set this up to automatically come out of your checking account every month.

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Bill 6 months ago

Obamacare(Affordable Care Act) is a law, not Insurance. The insurance is sold by specific insurance companies and the government provides subsidies to those that qualify.

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Insurance Pickle.com 6 months ago

A) No such thing as "Obamacare Insurance."
B) There is such a thing as "health insurance." And, you pay that to the health insurance company.

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jmm2112 6 months ago

"Obamacare" is not a type of insurance. It's a slang term for a law. You pay whatever insurer you buy the policy from.

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StephenWeinstein 6 months ago

You pay it to the insurance company that you pick when you sign up for what you are calling Obamacare.

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Stoo 6 months ago

Obamacare is simply a marketplace of private insurance options, with rebates for people at lower incomes - unless you're in a place where Medicaid was expanded, in which case that's what you get if you're poor. Whatever the case, you have to sign up to what you're able to sign up for, and all the particulars re: payment they'll tell you about.
If this is too complicated - and it is - consider voting for people who will implement public, single-payer non-profit insurance. I have insurance in Canada because I'm a citizen. I have to renew my health card every five years, in a process that's as simple as doing your driver's license (and at the same location.) That's all I have to think about. And it's cheaper per capita than your system, which is just obnoxiously broken. Covers everyone too - I don't have to worry about deductibles, whether I lose my job, etc.

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