Interesting Research on Insurance – What You Didn’t Know

Important Facts You Need to Know About Covered California Obamacare

The health insurance marketplace in the US state of California is called Covered California basing on the Patient Protection and Affordable Care Act, wherein the exchange enables individuals and small business to avail of health insurance at federally subsidized rates. Covered California is being administered by an independent agency of the California government. In September 2010, the California Health Benefit Exchange was created when then-Governor Arnold Schwarzenegger prioritized Obamacare. Through the Patient Protection and Affordable Care Act and Obamacare, Californians can get federal premium assistance to help of Covered California and avail private insurance.

In California under Covered California, the insurance companies that participate in individual and family exchange as of 2017 include Sharp Health Plan, Valley Health Plan (owned by Santa Clara County), Western Health Advantage, Anthem Blue Cross of California, Blue Shield of California, Health Net, Kaiser foundation health Plan, L.A. Care Health Plan, Molina Healthcare, Oscar Health, Chinese Community Health Plan, and Brand New Day. All Californians can sign up for Covered California’s open enrollment that starts each fall, or anytime during the year because of life-changing events such as giving birth, moving or relocation, or getting married. The covered California income limits need consumers to have a household income ranging from 0% to 400% of the Federal Poverty Level in order to qualify for the government health insurance plan assistance.

For determining if you are qualified for the Covered California Health Exchange, you can check on the Obamacare income guidelines chart basing on the Federal Poverty Level online. According to the Obamacare Income Guidelines and salary restrictions, an individual earns less than $47,520 in a year, or a family makes less than $97,200 per year, they may qualify for government assistance basing on their income, and a greater amount of government assistance is available if a family has a lower household net income. How are pregnant women covered by the exchange? According to Covered California income limits, pregnant women qualify for Obamacare if her household earnings is more than 138% to 213%. Children under 19 years old may qualify to enroll on Obama Care California plans for MediCal when the family household income is 266% or less. Failure to present any proof of income such as bank statement or pay stub may lose your Obamacare subsidy or health coverage.

Indeed, the Covered California Obamacare is very helpful of Californians which is considered as medicare simplified, providing health care benefits for low-income earners in California. If you need help to answer the question, “Where can I find the Covered California offices near me?”, come and visit Covered California website now! Be an informed California citizen, know your rights and benefits, feel free to visit our website or homepage for related articles now! You deserve quality healthcare, so take advantage of Obamacare or Covered California now!

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