New Covered California part of COVID stimulus package : vima

New Covered California part of COVID stimulus package


New American Rescue Plan (ARP) premium calculations are available on the Covered California website at www.coveredca.com. 
Those who have health insurance coverage that is not employer sponsored will be well served to look at the "Shop & Compare" feature at https://bit.ly/3u7EE6V.
The ARP reduced the limit on Health Care Premium costs to 8.5% of overall household income, assuming enrollment in a Silver or Bronze Plan. Gold or Platinum Plans will require a higher premium cost for enrollees.
In the past, there hasn’t been much of a subsidy for younger people with higher earnings; but a recent visit to the site shows that a 31-year-old living in Shasta County with $58,000 of income could pay $259 monthly for a Bronze plan after a premium subsidy of $149. Prior to this, she was paying about $410 monthly for the Bronze plan in Santa Rosa. Another option would be a Silver plan for the same $410 that she was paying for the Bronze plan.

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