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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