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Barack Obama

Obamacare Pushes Forward As Healthcare Exchanges Open

Buffalo, NY (WBEN) - If you're confused about the Affordable Care Act, or Obamacare, you're not alone.

The Healthcare Exchanges were open for business starting on midnight of October 1st. Roberta Rifkin is the Vice President of Government Affairs at Independent Health, and she says that just because the marketplace for choosing a plan is open that doesn't mean that you have to have all the answers right now.

"If you enroll in coverage on October 1st, October 2nd, November 1st, or November 2nd, your coverage won't begin until January 1st of 2014" Rifkin said.

Rifkin appeared on WBEN's Hardline with Dave Debo, where she also explained that the different plans available in the exchange will all provide the same coverage, just at different premium and deductible costs. "What the plan is expected to pay in a Bronze Plan (low level plan) is about 60 percent of your costs," Rifkin said. "In a Platinum Plan, we're expected to pay about 90 percent of your healthcare costs. The difference will be how much you pay for that, and at a bronze level, you'll be paying less premium, but then more when you use services."

Even though today's opening of the healthcare exchanges is mostly for those without insurance, Rifkin says that they are open for everyone. "If you currently get your insurance from an employer, then you can continue to do that. However, you can always opt out of your employer's coverage and go to the exchange, but you might not be eligible for subsidies." The exchanges will also have plans for small businesses to explore.

You can hear the entire interview with Rifkin HERE.

How much would an Obamacare plan cost you? Find out HERE.

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