Facts and Benefits 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. The government of California administers Covered California by an independent agency. In September 2010, the California Health Benefit Exchange was created when then-Governor Arnold Schwarzenegger prioritized Obamacare. Now, Californians can get federal premium assistance to help them in availing private insurance from insurance companies.
The different insurance companies participating in Covered California for the individual and family exchange as of 2017 are the following: Sharp Health Plan, Valley Health Plan (owned by Santa Clara County), Health Net, Kaiser foundation health Plan, L.A. Care Health Plan, Molina Healthcare, Oscar Health, Chinese Community Health Plan, Western Health Advantage, Anthem Blue Cross of California, Blue Shield of California, and Brand New Day. All Californians can sign up for the open enrollment that starts each fall, and others may be eligible to sign up anytime during the year due to life-changing events such as moving, having a child, 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? Basing on the Obamacare income limits guidelines and restrictions, pregnant women qualify for Covered California if her household earnings is more than 138% to 213%. Basing on the Covered California income guide, children who are under 19 years old may qualify 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.
The Obamacare simplified is very helpful to low-income earning families, making quality healthcare accessible to everybody. The Covered California website is your resource hub for Obamacare or Medicare and Fresno insurance simplified. Check related articles on our homepage or website now. Health is wealth, so take advantage of quality health care through Obamacare now.