How Will the Affordable Care Act Impact Your Premiums? - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

How Will the Affordable Care Act Impact Your Premiums?

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By the end of next month, nearly every U.S. citizen will be required to have health coverage. The deadline to sign up is March 31st.

If you miss the March 31st deadline, depending on your status, you could receive a fine that is 1% of your income or $95, whichever is greater.

To avoid paying a penalty under the Affordable Care Act, those who can't afford health insurance, can apply for a government subsidy.

"One is called the Advanced Premium Tax Credit, which simply put, is a subsidy from the federal government to help pay for your insurance premium. The second subsidy takes your premium dollars and they just go further, so you would get a better plan for the amount of money that you would pay," said Trevor Rice, the senior director of health management for Access to Healthcare.

You qualify for a subsidy, if you are a single person making less than $46,000 a year, a couple making less than $62,000 or a family of four making about $94,000.

Due to the ever increasing costs of health care, Saint Mary's has teamed up with Access to Healthcare. ATH is a nonprofit, medical discount plan that's helped about 44,000 uninsured or underinsured Nevadans get health care, since its inception in 2007.

ATH is in accordance with the Affordable Care Act and they work to help people through the entire health care process.

"We help them find out what it's going to cost to get a certain service done, scheduling appointments for them, if they need help with that, and we can do that for them, transportation issues, like to and from services that kind of stuff," said Rice.

I asked Don Kowitz, the CEO of Saint Mary's Health, if adding more people to the health care system is going to put a pressure on bringing the costs up.

"There are pressures from the Affordable Care Act on premiums, so yes, there will be a contribution factor, but it's not solely that though that will raise premiums. I didn't want people to think just because of this premiums are going to go up."

You can watch the entire interview about the Affordable Care Act on Face the State this weekend.

The show airs Saturday at 3:30pm and Sunday at 6:30am and 3:30pm.

Written by Chris Ciarlo 

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