Monthly Archives: January 2013

California Health Insurance Exchange Plan Approved

The State of California has received conditional approval to provide a health care exchange program to residents, according to an article in the LA Daily News, dated January 4, 2013.

According to the article, seven states have now received the “go-ahead” from the US Dept. of Health and Human Services. The goal is to provide a “direct-to-consumer” market and allow residents to compare insurance plans at competitive rates.

This program is slated to begin in October and is available to all residents who meet the criteria for federal citizenship requirements. Actual plan effective dates will begin in January, 2014.

The exchange program will be overseen by Covered California, a state board appointed by Gov. Jerry Brown and state legislators.

Consumers will be able to access this site or contact the exchange to determine whether or not they qualify for federal assistance to offset the costs of their premiums. Additionally, consumers can evaluate other public insurance programs, as well.

Families earning up to $92,000 a year, a government subsidy will be available to help pay for coverage costs.

“Nearly one in three people in L.A. is uninsured,” according to Howard Kahn, president of the LA Care Health Plan, the nation’s largest public health plan. “The exchange will help provide the health care that they so desperately need and deserve. This is a necessary step to cover working uninsured Californians,” said Kahn.

Those who qualify for federal tax subsidies to help pay a portion of their insurance costs include those with incomes between 133% and 400% of the federal poverty level and businesses with under 50 employees.

Please continue to visit this site for more information regarding the ever-changing and exciting developments of “Obamacare,” more formally known as the Affordable Care Act. You can also visit www.healthexchange.ca.gov for additional information.

 

Jeremy Smith (dated, January 10, 2013)

Ca Ins. Lic. #0771110