May 27, 2021 – SACRAMENTO, California – Covered California announced it is estimated to benefit 272,000 people in Sacramento, Stockton and Modesto lowest health insurance premiums provided by the American Rescue Plan. The benchmark law provides new and expanded financial assistance that makes health coverage more affordable than ever. However, the people of the region must act now to achieve these savings. Those who register before May 31 will be covered from June 1.
“The new and expanded financial assistance provided by the American Rescue Plan can help people across the Sacramento, Stockton and Modesto region cover themselves and stay covered by lowering their premiums and putting money back in their pockets.” said Peter V. Lee, executive director of Covered California.
“The American Rescue Plan provides the most significant savings for consumers since the Accordable Care Act began, but in order for many people to take advantage of those savings, they must act before the end of the month.”
The congresswoman, Dr. Ami Bera (7th Congressional District), joined Covered California to encourage people from across the region to take a moment to check their options and find out how much care coverage can be. of quality. Bera not only voted in favor of the U.S. rescue plan, but served as a physician throughout the Sacramento region and has worked to improve the availability, quality, and reach of health care.
“The American Rescue Plan provides critical financial assistance to people across Sacramento and across the state and makes quality health coverage more affordable than ever,” Bera said. “The new financial aid available now offers us all a great opportunity to make sure our family and friends have the protection and peace of mind that comes with coverage and now is the time to sign up.”
California State Senator Dr. Richard Pan (6th District of the Senate), also expressed support for the effort. Dr. Pan is a pediatrician who chairs the Senate Health Committee and encouraged everyone who needs coverage to check their options and find out how affordable quality health insurance can be.
“The American Rescue Plan makes health coverage even more affordable for more Californians. Being uninsured can be more expensive than being insured, ”said Pan. “The COVID-19 pandemic is a reminder that people often need health coverage when they don’t expect it. If you haven’t done so recently, go to Covered California for more information on new opportunities to save on your health coverage. “
Which Californians benefit from the American Rescue Plan?
Covered California estimates the new financial aid can directly help 2.5 million Californians, including more than 272,000 people in the Sacramento, Stockton and Modesto region, by reducing monthly health insurance premiums. The new law will benefit the following groups of people:
- Uninsured residents: Under the American Rescue Plan, many uninsured consumers could get a high-quality health plan from one of 11 trusted brand companies for just $ 1 a month or a plan that offers richer benefits for less than $ 100. per month (see Figure 1: Premiums are lower than ever for the uninsured). It is estimated that more than 85,000 people in the region are uninsured and can benefit from health insurance through Covered California. It is estimated that an additional 112,000 are uninsured and can benefit from free coverage through Medi-Cal.
Figure 1: Premiums are lower than ever for the uninsured
- “Out of exchange” insured residents: It is estimated that more than 20,000 people in the Sacramento region are insured “out of exchange” or directly through a health insurance company and do not receive any financial assistance. The American Rescue Plan guarantees that all eligible people will pay no more than 8.5 percent of household income on their health care premiums if they are enrolled in an Affordable Care Act market like Covered California. New and expanded subsidies mean many consumers will be able to save hundreds of dollars a month if they switch and get their insurance through California Covered (see Figure 2: Out-of-Exchange Consumers Save by Switching to Covered California).
Figure 2: Over-the-counter consumers save by switching to California coverage
Finally, more than 165,000 people enrolled in Covered California have already begun to benefit from the new law, when monthly premiums were automatically reduced in May.
The California special enrollment period covered will be extended until the end of the year, but Lee encouraged consumers to act now to start saving.
“Don’t miss it: the sooner you sign up, the sooner you’ll be able to start saving and be covered,” Lee said. “We don’t want anyone in Sacramento, Stockton or Modesto (or the whole state) to be uninsured or leave money on the table.”
Lee also noted that even if people are not eligible for new financial aid through Covered California, they may still be eligible for free coverage through Medi-Cal.
Quality coverage for $ 1 per month
Covered California announced last week that approximately 680,000 of its 1.55 million subscribers, or 44 percent, have signed up for quality coverage plans that cost $ 1 a month.
Of these, nearly 400,000 people participate in Enhanced Silver plans that include cost-sharing benefits in the form of lower copayments, lower deductibles, and lower out-of-pocket expenses that make it easier for them to access the health care they need.
“You need to check it out and see what this new financial aid can mean for you and your family,” Lee said. “For less than the price of a bus trip or a soda, many Californians receive the protection and peace of mind that comes with being covered for just $ 1 a month.”
In addition, the American Rescue Plan provides generous assistance to those who received unemployment insurance benefits in 2021. Under the new law, Californians who received unemployment insurance benefits in 2021, regardless of their income real in 2021, will be eligible for quality coverage that only costs $ 1 a month.
Covered California is currently working to implement this benefit in its registration and consumer cost comparison systems. While these changes are expected to take effect next month, consumers who sign up or sign up before this time will receive the lowest retroactive premium until the start of their coverage. It is estimated that 10 percent of current California covered enrollees would be eligible for this additional benefit, further reducing their costs and returning even more money in their pocket.
Consumers can find out in a matter of minutes how much they can save
Covered California encourages people to check if they are eligible for lower premiums because of the U.S. rescue plan. Consumers can see exactly how they can benefit from the new law on CoveredCA.com by entering their zip code, household income and the age of the household to see how they can lower their premiums and options health insurance in your area.
Those interested in learning more about their coverage options can also:
- Visit www.CoveredCA.com.
- Use the website to find local or registered insurance agents certified in community organizations that provide free and confidential assistance over the phone or in person, in multiple languages.
- Have a certified curler call them for free help.
- Call Covered California at (800) 300-1506.
About Covered California
Covered California is the state’s health insurance market, where Californians can find affordable, high-quality insurance from the best insurance companies. Covered California is the only place where eligible people can get financial assistance on a variable scale to reduce premium costs. Consumers can compare health insurance plans and choose the plan that best suits their health needs and budget. Depending on their income, some consumers may opt for the low-cost or no-cost Medi-Cal program.
Covered California is an independent part of the state government that aims to make the health insurance market work for California consumers. It is overseen by a five-member board appointed by the governor and the legislature. For more information about Covered California, visit www.CoveredCA.com.
Source: CA covered.