The most important provisions of the Affordability Care Act (ACA) are in regard to coverage changes and consumer protections. Many more sweeping changes will take effect January 1, 2014. It is imperative to be informed on the changes as they happen. We at Jordan Financial can help keep you informed and assist you in navigating this ever-changing landscape of health care.
There are calculators designed to help you estimate how much it will cost you to purchase health insurance in 2014 and the amount of your financial assistance. If you already have affordable insurance from your employer or a government program like Medicare or Medi-Cal, you will not be eligible for these cost-saving programs and the calculator will not apply to you. This estimate will give you an idea of how much insurance will cost. Insurance rates for 2014 have not yet been finalized so keep in mind that, once you are ready to purchase a health plan, the actual cost will likely change from this estimate.
To use the calculator, simply enter several pieces of key information.
Enter household size and income for all individuals included on your tax return (yourself, your spouse and dependants, if applicable).
Enter age information only for those household members who need coverage.
The calculator will put all that information together and provide you with the estimated monthly cost for insurance, which appears in the calculator as “Your Estimated Monthly Silver Plan Premium” and takes into account any financial assistance you might receive from the government. The calculator will also indicate whether your income makes you eligible for Medi-Cal. You will also be able to upgrade to more comprehensive coverage with the other metal programs (see Metal Plans Post).
For information regarding your estimated savings call Jeremy at (310) 486-7625.