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The Healthcare reform act prohibits health insurance companies from terminating health insurance coverage when a person gets sick.

What is the healthcare reform act?

The comprehensive health-care reform law signed into law in March 2010 (also known as ACA, PPACA, or "Obamacare").

The law has three basic objectives:

  • Make more people eligible for affordable health insurance. The law offers customers with cost-cutting incentives for households earning between 100% and 400% of the federal poverty line (FPL).
  • If your income exceeds 400% of the FPL, you may still be eligible for the premium tax credit in 2022.
  • If your income is at or below 150% of the federal poverty level, you may be eligible to enroll in or modify Marketplace coverage during a Special Enrollment Period.
  • Expand Medicaid coverage to include all adults earning less than 138% of the FPL.
  • Support innovative medical care delivery approaches that aim to reduce health-care expenditures.

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