Learn More About Covered California Obamacare
The Covered California refers to the health insurance marketplace in California, USA, in accordance with the Patient Protection and Affordable Care Act, enabling small businesses and individuals 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. Now, Californians can get federal premium assistance to help them in availing private insurance from insurance companies.
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 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. If you have a household income of 0% to 400% of the Federal Poverty Level, then you may be qualified to get assistance through the Covered California government health insurance plan, and basing on your household income, you may qualify to get up-front tax credits when you enroll in health insurance in California through Obamacare or the Covered California Health Exchange.
You can check on Obamacare income guidelines chart based 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. What are the parameters for low-income females who are expecting a baby? 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%. On the other hand, children who enroll on Obama Care California plans may also 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.
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 more information about Obamacare, you can contact Covered California on their website now! Check related articles on our homepage or website now. Health is wealth, so take advantage of quality health care through Obamacare now.