Paying too much for health insurance? New subsidies announced [calmatters.org]

Rafael Maravilla(PACEs Connection Staff) 4/15/213:07 PM

By Ana B. Ibarra, Cal Matters, April 12, 2021

Californians enrolled in health coverage this year will qualify for substantial savings as $3 billion in federal aid kicks in, including for people who are currently getting no subsidies.

Covered California, the state’s insurance marketplace, today opened a special enrollment period that allows people to sign up and make use of federal COVID-19 relief dollars designated for health coverage aid. This money is on top of subsidies already provided to some low-income and middle-income Californians through the Affordable Care Act.

Households that already receive some aid could get a couple hundred dollars more in savings in their monthly premiums. Also, people who are currently paying full price for insurance could get about $700 in savings a month, said Covered California Executive Director Peter V. Lee.

[Please click here to read more.]

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