Re: Elderly and Healthcare
Yes, you can buy legal insurance for your parents if they don’t qualify for Medicare (younger than 65 and less than 5 years in the country). The Obama Care market place insurances could help you qualify for tax subsidies too depending on your income and insurance can’t deny you due to a pre existing condition anymore (due to Obamacare). Sadly, Medicare will not cover you if you end up needing long term care, which many elders do)beyond 100 days. Medicaid can cover you but it covers only nursing home care and not home care. Also, in most states you can own assets up to $2000 (not including your house) to qualify. Obamacare initially was about to provide a clause for long term care but sadly it didn’t work out.
So, bottom line is, yes, you can get insurance for your parents but it will cost you. Insurance can charge higher premiums based on age.
Obamamcare was supposed to bridge gaps yes, but sadly due to a strong Republican presence in the Congress, a lot of things could not be done. Medicaid expansion was to be part of Obamacare (where states had to raise income limits in order to make more people eligible for Medicaid and Federal funds would help states too). However, states went to court and now, it all depends on the states themselves whether they go for expansion or not.