Monday, February 4, 2013

More Information on the Individual Exchange

Alright, here are some more details about the health exchange and who qualifies.  First, individuals and families that are making up to 400% of the federal poverty limit will be eligible for subsidies in the exchange (Covered California).  What does that mean in real world numbers.  For a family of 4 they can make up to $92,200 and for an individual they can make up to $44,680.  How much in subsidies will a family of four making $92,000 get?  We don't know yet.  We just know they will be eligible for the subsidies.  **Note that the income will be based on 2012 income taxes.

Now what about those that just don't make enough money to pay anything?  They are already qualified for Medi-Cal.  Starting in the near future we will see a huge push to get the nearly quarter million to half million people that are believed to be qualified for Medi-Cal but have not yet applied for it enrolled in it. 

Stay tuned for more Covered California news.  You can always contact us at 714-680-5900 or email us at info@ansainsuranceservices.com .

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