What Is Covered California?
When the Affordable Care Act was signed by President Barack Obama in 2010, each state had to choose between creating their own state-based marketplace or use HealthCare.gov. The state of California elected to develop their own, and Covered California was created shortly after. It’s been operational for the last five years and serves the entire population, which equates to approximately 39 millions residents.
Therefore, residents of California cannot use HealthCare.gov. Instead, they must go to CoveredCA.com during the Open Enrollment Period (OEP) to shop for and purchase a health insurance plan.
When Is The Open Enrollment Period?
The 2018 Open Enrollment Period for residents of California begins on November 1, 2017, and ends on January 31, 2018. This provides the public exactly 91 days to adequately shop around and purchase a health insurance plan.
Meanwhile, the Open Enrollment Period for the rest of country only lasts 45 days because the majority of the states use the federally facilitated marketplace. These states do not control the marketplace and therefore cannot extend their OEP period like the state of California.
How To Make Changes To Your Coverage
If you’re thinking about making changes to your health insurance plan, you can always rely on AffordableCalifornia.com to provide the latest information and help you compare different plans during the enrollment period. There’s seemingly an infinite amount of information floating around these days, and it can be difficult to choose a plan that suits your specific needs and budget.
If your household income has changed or the size of the household has changed within the last year, it’s important to make changes to your plan. Many Americans don’t realize they may be able to qualify for Obamacare tax credits, which could partially subsidize the cost of your monthly premium. Our agents will be able to assess the situation and provide a thorough analysis that will yield positive results.
Affordable Care Act Alternatives
Those who choose not to purchase a plan during the Open Enrollment Period will be subjected to an array of fines when it comes time to file your taxes. However, there are several health care alternatives that are exempt from these Obamacare penalties, such as Health Share Advisors.
This is a health sharing ministry, which comprises a large group of individuals bound by a common faith that shares the costs of health care amongst each other. This alternative option is usually more affordable compared to Obamacare premiums and has gained popularity over the last few years. Under the Affordable Care Act, if an individual or household is a part of a health sharing ministry, then they’re completely exempt from the hefty fines that apply to uninsured individuals.
Do You Have Questions?
Are you currently living in California and are thinking about shopping around for a health insurance plan? Do you have questions or concerns regarding this subject? Give us a call at 800-788-2197 and speak to one of our agents today! They’ll be able to explain everything in detail and address all of your queries.