"Medicaid coverage that is available to SSD beneficiaries has even improved under the Affordable Care Act."
Obtaining Social Security Disability saves you from Obamacare penalties. If you are applying for disability benefits, do you know how the Affordable Care Act will affect you
While the Affordable Care Act, widely known as Obamacare, was passed several years ago, it has been receiving a great deal of attention in the media as the federal government works through the kinks with its new healthcare.gov website. The website is meant to help individuals take advantage of a new health insurance marketplace, an important step many Americans without health coverage must take before penalties for being uninsured go into effect in 2014.
Those receiving or applying for Social Security Disability or Supplemental Security Income might wonder how the Affordable Care Act, and particularly the penalties for being uninsured, may affect them. Fortunately, Obamacare is unlikely to have any negative impact on potential Social Security Disability beneficiaries, and for those who are informed about the interplay of SSD and Obamacare, could actually increase the reach of health care coverage without added cost.
Medical coverage part of Social Security Disability and Supplemental Security Income
For 2014, those who fail to obtain compliant health coverage will have to pay $95 or one percent of income, whichever is higher, up to a maximum of $285. This penalty increases in subsequent years, reaching $325 or two percent of income in 2015 and $695 or two and a half percent of income in 2016.
There are fortunately a number of exemptions that allow those without full access to health insurance to circumvent the penalties. Possible ways to qualify for an exemption may include being uninsured for only three months or less during the year, having the most affordable coverage available to you exceed eight percent of your household income, or being a member of a recognized religion with faith-based objections to insurance.
If you receive Social Security Disability, or Supplemental Security Income, you are exempt from Obamacare penalties. Under these programs, you will have health insurance through Medicaid, and therefore you will meet the requirement of having a qualifying medical plan. SSD is a resource available to those who are unable to work due to a physical or mental condition and who have paid taxes into the SSD system for a given amount of time before becoming disabled. SSI is for qualifying individuals with a limited income whether or not they have a work history.
Medicaid coverage that is available to SSD beneficiaries has even improved under the Affordable Care Act. Many preventative screening services are now available with no out-of-pocket costs, and according to the Centers for Medicare and Medicaid Services, people covered by the Medicare prescription drug plan have saved a collective $8.9 billion since the passage of the Affordable Care Act on prescription drugs alone.
Calling an attorney for help getting disability benefits from the Social Security Administration
Applying for benefits through the Social Security Administration is a great way to ensure that you are compliant with the requirements of Obamacare. SSD is not just about medical coverage either; you may also qualify for wage replacement benefits.
You can apply for SSD or SSI on your own. However, most initial applications are rejected; the help of a Social Security Disability attorney gives you the best chances at success initially, and if necessary, during the appeals process. If you are unable to work due to a disability, get in touch with a lawyer today to find out if SSD or SSI could help you.
Article provided by Reyes & Reyes Law Firm, PLLC - Visit us at www.reyesandreyes.com
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