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Overview of ACA and Subsidies for Affordable Health Insurance
This chapter provides an overview of the ACA (Affordable Care Act) and explains how it has made early retirement more attainable by providing affordable health insurance through subsidies. It discusses the two subsidies, premium tax credit and cost sharing reduction subsidy, that work together to provide affordable health plans under the ACA. The chapter also explores the different tiers of plan coverage and the impact of income on health insurance quality.