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Before the launching of the Affordable Care or Patient Protection law, the level or number of uninsured people in the United States of America was quite high. And at that juncture, people need to pay a relatively high level of premium charges for their health insurance coverage. As a result of which people need to pay more for medical treatments and procedures. But the Affordable Care law reshaped or restructured the medical or health scenario of the land. The law made health insurance mandatory for every citizen of the nation or else penalty to be charged to those who are not insured under the scope of the law.
While it is necessary for everyone to have a health insurance plan at the same time to make health insurance affordable the legislation offered tax credits, premium subsidies and cost-sharing to attract and to engage more people under the purview of health insurance policies. The provision of cost assistance helped more people to engage or to purchase health care insurance under the Affordable Care law.
What is Cost assistance?
The program or policy of cost assistance is to help people or individuals with payment for the reason of purchasing health or medical insurance policy. The cost assistance policy is intended or planned to provide assistance to individuals whose income level matches the Medicaid cap but who have a high liability that they are not in a capacity to afford.
Different genres or types of cost assistance under the Obama care.
Under the Affordable Care Act or law, an individual can have access to a number of cost assistance program like-
Premium tax credits and subsidies as well as expansion of Medicaid and CHIP have helped to increase the number of people having health insurance policy under the law.