California health insurance subsidies now apply to more middle-income families

California health insurance subsidies - Covered California - YouTube

As the open enrollment period begins, more state residents will qualify for financial assistance. Open enrollment began as of yesterday, and a higher number of middle-income families will discover that they qualify for California health insurance subsidies for next year’s coverage. The open enrollment period for the Covered California exchange is October 15 to January 31. Families who have enrolled for their health plans by December 15, regardless of whether they qualify for California health insurance subsidies, will have coverage effective January 1, 2020. That said, their coverage will begin…

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California may use penalties to pay for health insurance subsidies

Health insurance subsidies - money - dollar sign

Governor Gavin Newsom has proposed a tax penalty that would cover the Californian subsidy costs. Governor Gavin Newsom has proposed a new move to fund health insurance subsidies in the state. It would provide an estimated 850,000 Californians with assistance in paying their premiums. The goal is to assist people who make too much to qualify for federal aid but struggle to pay premiums. To be able to afford to provide the additional health insurance subsidies, the Democratic governor has proposed a tax penalty. This would be applied to Californians…

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