Paying Too Much for Health Insurance? New Subsidies Announced Today
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.