Obamacare a Saving Grace for Many Baby Boomers

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

8 Tuition-Free U.S. CollegesCollege

These Are the 25 Best Jobs in the U.S.Jobs & Work

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

Aging Americans battered by the recession are flocking to the online marketplaces to buy health insurance.

The seemingly never-ending pursuit of health insurance is finally over for a number of aging Americans who were left jobless during the recession.

As The Associated Press reports, the Affordable Care Act, commonly called Obamacare, has made a big impact on those “unwanted by employers, rejected by insurers, struggling to cover rising medical costs and praying to reach Medicare age before a health crisis.”

These people in their 50s and early 60s have been signing up in droves to buy health insurance through the state and federal online marketplaces, where they’ll find several tiers of plans and learn if they’re eligible for a federal tax credit to help them afford the premiums. Eligibility for the credit is based on income, and many likely will qualify, but you have to buy insurance through a marketplace to get it.

In fact, people ages 55 to 64 make up 31 percent of new Obamacare enrollees. The AP reports that after signing up for insurance, many people make doctors’ appointments and fill prescriptions – something many had avoided because they were uninsured.

“I just cried I was so relieved,” said Maureen Grey, a 58-year-old Chicagoan who finally saw a doctor this month after a fall in September left her in constant pain. Laid off twice from full-time jobs in the past five years, she saw her income drop from $60,000 to $17,800 a year. Now doing temp work, she was uninsured for 18 months before she chose a marketplace plan for $68 a month.

Open enrollment on the marketplaces continues through March 31.

According to the Star Tribune, Vice President Joe Biden told customers at a Minneapolis coffee shop Wednesday that health insurance enrollment will likely miss its target. “We may not get to 7 million, we may get to 5 or 6 [million], but that’s a hell of a start,” Biden said.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Best Places to Retire in 2017

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,871 more deals!