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Affordable Care Act

Affordable Care Act Will be a Boon for Early Retirees

The Affordable Care Act's insurance exchanges, set to open this October, are expected to make health insurance less costly and easier to obtain for early retirees.  Currently, many Americans who retire before 65 and are no longer insured through their employers find it extremely difficult to obtain health insurance. Many insurers charge higher premiums, or even refuse coverage, based on age or pre-existing conditions that are common among older Americans. Under the Affordable Care Act, it will be illegal for insurers to charge higher premiums based on pre-existing conditions, and there will be a cap on how much premiums can rise based on age.  Additionally, low-income individuals will receive subsidies to help purchase insurance.  To learn more, read a New York Times article at http://tinyurl.com/owoee93.

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