Covered California Re-opens Enrollment

Posted: June 4, 2021

In April, California re-opened enrollment for the state’s health insurance exchange, aka Covered California, hoping more people will buy coverage now that the federal government is offering new assistance that could lower monthly premiums.

Normally, people can only buy health insurance through the exchange once per year during an open enrollment period. But, President Joe Biden signed a $1.9 trillion Coronavirus relief package dubbed the American Rescue Plan, and about $3 billion of that money is coming to California in the form of new subsidies to help many people pay their monthly health insurance premiums.

The new subsidies are available through December 2022 to people who buy coverage through a health insurance exchange. Open enrollment for the plans runs through the end of the year.

An estimated 3 million Californians are among the 25 million Americans who stand to benefit from the new and expanded subsidies

Most of Covered California’s currently enrolled consumers will see an average of $119 per household in monthly premium savings that automatically started in May.

For the currently uninsured

The American Rescue Plan lowers health care premium costs for people who get coverage through Covered California by providing new and expanded subsidies to make health insurance more affordable.

An estimated 1.2 million Californians are uninsured and eligible for marketplace coverage under the Affordable Care Act with even lower costs because of the American Rescue Plan. In California, consumers who earn less than $32,000 a year as an individual will be able to either get a benchmark Silver plan for between $50 and $60 a month and virtually all would be able to get Bronze plan for a $1 a month.

For those insured directly through a health insurance company

Nearly 270,000 Californians are insured directly through a health insurance company in what is referred to as “off-exchange coverage.” They currently do not receive any financial help. The new law ensures that everyone eligible will pay no more than 8.5 percent of their household income on their health care premiums if they are enrolled through an Affordable Care Act marketplace like Covered California.

For current Covered California enrollees

The law will help about 1.4 million in California who are already enrolled through Covered California or other marketplaces and getting financial help. They will see net premiums decrease. Existing consumers in California do not need to take any action since Covered California automatically applies the savings to their accounts. Covered California offers many plan options and NorthBay Healthcare providers accept the Western Health Advantage plan. For more information, visit www.CoveredCA.com.

 

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