With the fiscal year set to conclude next week and with Congress not in agreement on how to fund certain things, the likelihood of a government shutdown (where the government stops providing all but “essential” services) will present itself on Tuesday. On that same day, the new healthcare exchanges will become available online.
What you should know when the Affordable Care Act launches:
Oct. 1 marks the inauguration of the “Health Insurance Marketplace” through which applicants can compare, price, and apply for health insurance plans being offered in their states.
Dec. 15 marks the last day to apply in order for coverage to begin on Jan. 1, 2014.
March 31 (2014) marks first term of open enrollment in the Health Insurance Marketplace complete and closed (meaning the period of time during which individuals who are eligible to enroll in a Qualified Health Plan can apply).
What you should know about the first government shutdown in 17 years (via The Fiscal Times):
–– It would cost us (taxpayers) $150 million a day to shutdown the government
–– The shutdown would not impede Obamacare (which, ironically, is at the heart of the funding debate)
–– We would still receive mail, but the garbage would pile up
–– Social Security benefits would keep rolling
–– Plenty of services would disappear (i.e. toxic waste cleanup, Centers for Disease Control and Prevention disease surveillance), but “federal agencies deemed essential to protect life and property, or to provide benefit” would still operate.
–– Federal employees and contractors would work for no pay and/or not get paid on time
For more information on what Obamacare is, visit Obamacarefacts.com.