Health insurance through state exchanges still not a firm deal for many Americans

health insurance confusion

Two out of three people still haven’t decided if they will insure themselves under the new law.

Even though it is full steam ahead for the Affordable Care Act, many Americans still don’t entirely understand what they need to do in order to comply with it or they simply have not yet decided whether or not they will choose to purchase the health insurance that is needed under the so-called individual mandate.

A recent study has indicated that almost two thirds of Americans has not yet made its decision.

The survey, which was conducted by InsuranceQuotes, did not indicate specifically why many of the respondents do not yet know whether they will purchase health insurance under the Affordable Care Act in time for the January 1, 2014 deadline. This could imply that there remain a number who still don’t know of the requirement or who are still in the midst of informing themselves in order to realize that it is a necessity lest a tax penalty be applied.

health insurance confusionHowever, the health insurance survey did identify a few important factors about some of the decisions.

Many of the respondents expressed hesitation about what the required health insurance could imply regarding the treatment that will be available to them. Less than half of the participants in the survey felt that healthcare would improve after the law goes into full effect. Another sizeable number, just short of half, also stated that they feel that it will become more challenging to be able to have tests and procedures done in a timely way following the full implementation of the Affordable Care Act.

The phone survey was conducted in May and asked 1,001 adult Americans about the healthcare reforms and their intentions to purchase health insurance. Among those in the lower income brackets, 68 percent did not know whether or not they would qualify to receive subsidies for their policies or whether or not they would receive tax credits. This, in spite of the fact that they would almost absolutely qualify.

This indicates that the population that is the most likely to be able to benefit from the subsidies being offered by the government for health insurance, are also the people who are among the least informed regarding those advantages and the healthcare reform law as a whole.

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