One of the largest components of Obama’s healthcare overhaul will go into effect in just a couple of weeks.
But according to a recent Pew Research Center/USA Today survey, just a quarter of those surveyed have a very good understanding of how the law will impact them. An NBC/Wall Street Journal poll shows that those lacking health insurance, the group the law is supposed to help, believe it won't do them much good.
People will be able to purchase health insurance through “exchanges” -- some of them run by the federal government, others by the states and others by a combination of the two. The law requires uninsured people to get insurance, but the survey found that uninsured people were actually the least likely to know that. That’s especially true when it comes to young people. All 50 states and the District of Columbia will have exchanges.
The monthly premiums that you’ll see may seem high but many people will be eligible for federal subsidies or they’ll qualify for tax credits. A recent report says about 80 percent of uninsured young people under 30 will be eligible for subsidies or for Medicaid.
The fine for not having health insurance will be about $95 the first year but rising to nearly $700 in 2016. You can apply to the exchanges by mail or online through March 31st 2014.