CALIFORNIA – More money for more people equals more and better health insurance coverage for millions of Californians and consumers across the country – especially in this era of COVID-19.
That’s the result of President Joe Biden’s recent $1.9 trillion U.S. stimulus package, which provides new and expanded health benefits for about 3 million of the 25 million Americans who qualify. This new financial assistance will significantly reduce the monthly cost of health care, making it more affordable and saving hundreds of dollars a month.
Covered California is ready to take a leadership role in ensuring that consumers take full advantage of this unique opportunity that expands the federal Affordable Care Act, also known as Obamacare, and benefit from these new health care dollars.
The new and expanded financial assistance provided by the American Rescue Plan is of great importance to millions of Americans, said Peter W. Lee, executive director of Covered California. These new subsidies will cover more people, reduce the cost of health care, and put money in the pockets of people enrolled in health care programs under the Affordable Care Act.
In addition, Covered California has announced plans to enroll as many uninsured people in health plans as possible between April and the end of December 2021. Significant efforts are also being made to attract consumers who currently have expensive health insurance outside of covered California and have been unable to obtain financial assistance in the past. youtu.be/WwKVucMr5yA
Below are answers to some frequently asked questions about the new health services offered by the American Recovery and Reinvestment Act.
Q. Who benefits from health care under the American Recovery and Reinvestment Act?
A. Three broad categories of Californians are eligible for new health services under the U.S. stimulus package. That’s it:
- Currently uninsured individuals eligible for new financial assistance through Covered California, many of whom are eligible for $1 health insurance.
- Individuals who currently have health insurance directly with an insurance company outside of Covered California and are eligible for financial assistance for the first time. These consumers can save hundreds or even thousands of dollars by switching to the same or a similar health insurance plan through Covered California.
- Individuals currently covered by Covered California’s health insurance plans and eligible for additional financial assistance.
About 1.2 million Californians who are currently uninsured will be able to get more affordable health insurance than ever before. The U.S. stimulus package reduces monthly health care costs for consumers so that no one has to pay more than 8.5% of their household income in health care premiums.
Things don’t stop here. About 1.4 million consumers already enrolled in Covered California will receive even more financial assistance. For these consumers, monthly premiums will be reduced by an average of $119 per family per month.
Another 430,000 Californians who are directly covered by a health insurance company and currently receive no financial assistance could realize significant savings if they switched to Covered California’s health insurance program.
Q. When will the new financial aid and savings be available?
A. Covered California begins a new special registration period on April 12, which runs through April 31. December races. Consumers can take advantage of these savings starting January 1. can see them on their monthly healthcare bills if they sign up before the 30th. Sign up in April.
Q. What do I need to do to take advantage of these savings?
A. Existing California consumers don’t have to do anything because Covered California automatically credits the savings to their account. Medical bills will be reduced starting in May.
Individuals who do not currently have health insurance through Covered California may enroll until Dec. 31. 2021 to qualify for this new financial assistance. This includes consumers who are currently insured by an insurance company outside of California and who are eligible for financial assistance to switch to lower rates for the first time.
Q. How long will my health care costs stay this low?
A. The reduced health care premiums under the American Recovery Act will remain in effect through all of 2021 and all of 2022 unless Congress extends or makes permanent these provisions.
Q. What other benefits do Covered California health plans offer?
- Covered California health insurance covers all vaccinations and COVID-19 tests, as well as all medical treatments required for COVID-19, with no out-of-pocket expenses and no minimum deductible.
In addition, all Covered California health plans must provide the essential benefits mandated by the Affordable Care Act, ranging from maternity care and hospitalization to preventive care and mental health services. Free preventive health care includes annual checkups and screenings for diabetes, cancer and high blood pressure.
Q. If your family income is low or zero, can you still get health insurance?
A. Yes, you can enroll in a high-quality California health plan for free or at a very low cost through Medi-Cal if you are low-income. Registration for Medi-Cal is possible all year round.
Q. How do I sign up for Covered California or Medi-Cal?
A. Covered California will be released on the 12th. April on CoveredCA.com to introduce a new storage and comparison tool that allows consumers to see exactly how they can benefit from the new law. By entering their postcode, household income and age, people can see in minutes what new financial help may be available to them.
People who want to learn more about their health insurance options can do so as well:
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frequently asked questions
Is California covered by the assets?
Answer: Wealth is not counted, only income. This includes all income that contributes to your adjusted gross income (AGI), such as. B. Income from real estate or securities.
What are the benefits of California coverage?
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Are there plans for a UAS in California?
Covered California offers an HSA-compliant health plan in each individual exchange and SHOP. The individual scholarship has a bronze plan with a $5,000 deductible. The total cost of the program is $8,000, with a 30% co-insurance and a maximum annual co-payment of $6,350.
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