Is Obamacare the Same As Medicare?

Is Obamacare the Same As Medicare?

Is obamacare medicare

The Affordable Care Act ensures you receive maximum value from your premium dollar by mandating that insurers spend at least 80 percent of it on health care and quality improvements instead of advertising, overhead and bonuses for executives.

The Affordable Care Act also prevents insurers from denying coverage or charging more for pre-existing conditions, eliminating lifetime benefit caps, and ending practices of denying coverage to seniors.


Medicare, the national health care program for Americans aged 65 or over, covers hospital stays, physician visits and prescription drug coverage for its beneficiaries. Individuals can enroll during either their Initial Coverage Election Period (which begins three months before turning 65) or Special Enrollment Period. They can also opt for Medicare Advantage Plans (Part C), or get additional supplementary insurance (Medicare Part D).

The Affordable Care Act, more commonly known as Obamacare, made several key modifications to Medicare coverage requirements. For example, it prohibited insurance companies from denying coverage or charging more for pre-existing conditions and ended lifetime dollar limits on essential health benefits.

The Affordable Care Act also modified how people qualify for Medicaid and raised the age at which children could qualify for state-run coverage. Furthermore, it mandated everyone have insurance or pay a penalty; moreover, individuals could now obtain tax credits to assist in covering premium costs.


While Obamacare and Medicare may seem similar, their roles differ considerably in practice. Medicare covers health care costs for people over 65 and disabled individuals while Obamacare guides health insurance coverage through private marketplace plans.

The Affordable Care Act has made significant modifications to Medicare coverage requirements, including providing a free “Welcome to Medicare” visit, annual wellness visits and personalized prevention plans. Furthermore, it reduced deductibles, copays and cost sharing for many beneficiaries.

The Affordable Care Act allowed states to expand Medicaid eligibility to adults earning up to 133% of the federal poverty level, and provided subsidies to assist with health insurance premiums and cost sharing. Furthermore, Medicare Part D “doughnut hole” costs were decreased while it will eventually be eliminated completely by 2020. Finally, insurers must allocate at least 80% of premium dollars toward medical care rather than advertising costs or overhead expenses.

Health Insurance Marketplace

As opposed to Medicare, which is administered by the federal government, private health plans sold through the Health Insurance Marketplace must abide by various rules and regulations laid out by the Affordable Care Act. Furthermore, under this act people can receive financial assistance through this Marketplace that will reduce monthly premiums and costs significantly.

New Yorkers will have access to various plans during the 2023 open enrollment period and can select one that best meets their budget and lifestyle, while also checking to see if they qualify for subsidies.

All Affordable Care Act (ACA)-compliant marketplace plans must provide 10 essential benefits and cannot exclude individuals due to preexisting conditions, while also being priced fairly so consumers can shop around and select their ideal plan. Furthermore, the ACA also includes safeguards to protect those with preexisting conditions such as medical underwriting and lifetime benefit caps, which all help lower health care costs for consumers.

Plans under the Affordable Care Act

The Affordable Care Act offers different levels of health coverage for those purchasing their insurance through the marketplace, from bronze, silver, gold and platinum depending on how comprehensive their coverage is; platinum plans typically feature higher monthly premiums with lower deductibles than bronze ones.

The Affordable Care Act also prevents health insurers from denying coverage or reducing benefits to people with preexisting conditions, while mandating that at least 80 percent of premium dollars be spent on medical care and quality improvements rather than advertising and executive bonuses.

Under the Affordable Care Act (ACA), families with incomes below 400% of poverty qualify for premium assistance from premium subsidies, which this year were expanded to more individuals than ever before and made marketplace plans more affordable so low-income households can afford them easily – helping drive enrollment levels up to an all-time high in 2022.

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About the Author: Raymond Donovan