Medicare has been in the news lately for turning 50 years old! President Johnson signed Public Law 89-97 on July 30, 1965, creating Medicare. The new law provided access to basic health care benefits available to all citizens 65 or older, regardless of income.
October 1 marked the beginning of open enrollment for Affordable Care Act (ACA) insurance plans. For individuals without insurance, the open enrollment period provides millions of Americans with the opportunity to purchase health insurance for the first time.
Insurance exchanges, also called marketplaces, are the only place to enroll in ACA insurance plans and to take advantage of possible tax credits. In Colorado, individuals and small business owners will use the Connect for Health Colorado site. In addition to providing low cost insurance plans, the ACA has also expanded Colorado's Medicaid program and the services provided by Medicare.