Tennessee Affordable Care Act Comprehensive Guide
In this article, you will learn about the Affordable Care Act health care reform laws in Tennessee. You will get an understanding of how the health care law impacts you as a citizen of the state. Learn how to sign-up for the Affordable Care Act, learn about the Affordable Care Act penalty and subsidies, and much more.
What is Tennessee’s Affordable Care Act?
Affordable Care Act, also known as Obama Care, was signed into law in March 2010. The goal of the Affordable Care Act is to provide US citizens with affordable health insurance and to reduce the cost of health care spending for families and in America.
The Key Points of the Affordable Care Act / Tennessee Obamacare:
- Improving Quality and Lowering Health Care Cost
- Access to Affordable Health Care
- New Consumer Protections
- Individual Mandate | Employer Mandate
- Minimum Essential Coverage for each Health Insurance Plans
How to Apply for Tennessee Affordable Care Act?
Tennessee’s Affordable Care Act marketplace is run by the Federal government. Click on HealthCare.gov to access Tennessee Affordable Care Marketplace. You can preview the different insurance plans and see participating doctors before selecting the final health insurance plan.
| State | Federal or State Marketplace | Website | Medicaid Expansion? |
|---|---|---|---|
| Tennessee | Federal | www.HealthCare.gov | No |
When can I apply for Tennessee Affordable Care Act (Tennessee ACA)?
Tennessee Affordable Care Act’s Open Enrollment starts on November 1 and ends on December 15. To have health insurance coverage beginning in the following year, you must apply before the December 15 deadline.
In order to qualify for Tax Credit or Premium Tax Subsidies, you must purchase health insurance from the Affordable Care Act Marketplace during the Open Enrollment period.
If you qualify for Tennessee Medicaid health insurance, then you can sign-up for Medicaid any time of the year.
When is the deadline for Tennessee Affordable Care Act (TN ACA)?
Important dates for Tennessee Affordable Care Act deadlines: The absolute last day to purchase health insurance from the Marketplace is December 15.
- November 1: First day to enroll in or change plans for new insurance
- December 15: Last day to enroll in or change plans for new coverage to start the new year
How much is Tennessee Affordable Care Act?
There are four different plans within the Tennessee Affordable Care Act. The metal plans represent the various levels of coverage you receive and what the plan pays on average. The plan levels DO NOT represent the quality of the health coverage/doctors you receive.
- Bronze Plan: The plan pays 60% of the cost, you pay 40% of the cost
- Silver Plan: The plan pays 70% of the cost, you pay 30% of the cost
- Gold Plan: The plan pays 80% of the cost, you pay 20% of the cost
- Platinum Plan: The plan pays 90% of the cost, you pay 10% of the cost
The cost of the Affordable Care Act in Tennessee depends on the metal plan you choose and the number of people in the household. Platinum plans have the highest insurance premiums (monthly cost) and Bronze plans have the lowest insurance premiums.
What are the Tennessee Affordable Care Act Eligibility Requirements?
In order to get Tennessee Affordable Care Act, you must meet the following requirements:
- Must live in Tennessee
- Must be a US citizen, national, or lawfully present, immigrant
- Cannot be currently incarcerated (be in jailed)
- Have a valid Social Security Number
- and few other requirements
Do I need to get Tennessee Affordable Care Act?
Yes, every individual in Tennessee needs to have health insurance. The Individual Mandate of Affordable Care Act health care law requires US citizens to enroll in a health insurance plan or pay a penalty. If you have Medicaid or company-sponsored health insurance, you have met the insurance coverage requirement.
You can choose not to have health insurance, but you have to pay the penalty in addition to the hospitals/doctor’s medical fee if you do get sick.
How much is the Affordable Care Act Penalty in Tennessee?
The penalty (or also called individual shared responsibility payment) is calculated in two ways.
Starting in the 2019 tax year, there is no longer a penalty for not having health insurance.
From 2016-2018, the ACA penalty is as follows:
- By percentage of income (2.5% of household income or maximum of National Average Bronze plan premium)
- By number of people in the household ($695 per adult, $347.50 per child, or maximum $2085)
You’ll pay whichever penalty is higher.
How much are Tennessee ACA Subsidies? What are the requirements?
Affordable Care Act Subsidies are also called, “Premium Tax Credits.”
ACA subsidy lowers your premium – the amount you pay each month to your insurance plan. The amount of your ACA Subsidy depends on the estimated household income that you put on your ACA Marketplace application.
In order to qualify for Affordable Care Act Subsidy, your income must be between 100% to 400% of the Federal Poverty Level.
| Federal Poverty Level | Insurance Premium After PTC Subsidy |
|---|---|
| Up to 133% FPL | 2% of income |
| 133-150% FPL | 3%-4% of income |
| 150-2000% FPL | 4%-6.3% of income |
| 200-250% FPL | 6.3%-8.05% of income |
| 250-300% FPL | 8.05%-9.5% of income |
| 300-400% FPL | 9.5 of income |
| Over 400% FPL | No Government Subsidy |
Medicaid Expansion under the Affordable Care Act
With the new health care reform, the Federal government offered incentives for states to expand the Medicaid program. 30 states out of the 50 states plus Washington DC expanded Medicaid program while 20 states decided not to expand Medicaid due to expected future cut back funding from the Federal government.
Tennessee did not expand the Medicaid program under the Affordable Care Act Health Care Reform as of 2015/2016.
| State | Medicaid Expansion |
|---|---|
| Tennessee | No |
Insurance Companies that offer Affordable Care Act Health Insurance Plans in Tennessee:
The following insurance companies are offering Affordable Care Act Plans in the Marketplace.
- Assurant Health
- BEST Life and Health Insurance Company
- BlueCross BlueShield of Tennessee
- Cigna Health & Life Insurance Company
- Community Health Alliance
Frequently Asked Questions (FAQ) on Tennessee Affordable Care Act:
- Who runs the Tennessee Affordable Care Act? Federal
- Where can I sign up for Tennessee Affordable Care Act? Click here
- Do I need to get health insurance or Affordable Care Act? Yes, if not, you have to pay a penalty.
- How much is Tennessee Affordable Care Act? Click here for the average ACA premium
- Did Tennessee expand Medicaid under the Affordable Care Act? No
Click here for more Frequently Asked Questions on Obamacare / Affordable Care Act.
For more information on Tennessee Obamacare / Affordable Care Act:
Federal HealthCare.Gov Marketplace
Toll-Free: 1-800-318-2596
Website: HealthCare.gov
Tennessee Department of Commerce and Insurance
Consumer Insurance Services
500 James Robertson Parkway, 4th Floor
Nashville, Tennessee 37243
(800) 342-4029
(615) 741-2218
Fax: (615) 532-7389
If you have a hard time affording health coverage and you have questions about eligibility or current Medicaid benefits, go to:
Tennessee Department of Human Services
Commissioner’s Office
400 Deaderick Street, 15th Floor
Nashville, TN 37243
(866) 311-4287
(615) 313-4700
Fax: (615) 741-4165
http://www.tn.gov/humanserv/adfam/afs_med.html
Tennessee’s five largest cities in terms of population: Memphis, Nashville, Knoxville, Chattanooga, and Clarksville. You can apply for Affordable Care Act Health Insurance in any city in Tennessee.