More money for more people equals more and better health insurance coverage for millions of Californians and consumers nationwide — especially vital during this age of COVID-19.
That’s the upshot of President Joe Biden’s recently passed $1.9 trillion American Rescue Plan, with health care provisions containing new and expanded financial help to benefit an estimated 3 million Californians, among the 25 million Americans who qualify. The new financial help will greatly reduce monthly health care costs, making health care coverage more affordable and generating savings of hundreds of dollars each month.
Covered California is poised to take a leadership role in ensuring that consumers take full advantage of this unique opportunity that expands the federal Affordable Care Act, also known as Obamacare, and reap the benefits of these new health care funds.
“The new and expanded financial help provided by the American Rescue Plan is a very big deal for millions of Americans,” said Peter V. Lee, executive director of Covered California. “These new subsidies will help more people get covered, lower health care premium costs and put money back into people’s pockets when they sign up for health coverage through the Affordable Care Act.”
Additionally, Covered California announced that it’s opening its doors to enroll as many uninsured people as possible into health plans between April and the end of December 2021, because of these American Rescue Plan’s health care provisions. Major efforts will also launch to recruit consumers who now have expensive health coverage outside of Covered California and haven’t been able to get financial help in the past.
Answers to some common questions about the new health care provisions in the American Rescue Plan are below.
An estimated 1.2 million currently uninsured Californians can get health coverage that is more affordable than ever before. The American Rescue Plan reduces consumers’ monthly health coverage costs so that no one will have to pay more than 8.5 percent of their household income on health care premiums.
The deals don’t stop there. About 1.4 million consumers who are already enrolled through Covered California will get even more financial assistance. These consumers will see their monthly premiums decrease by an average of $119 per household per month.
Another 430,000 Californians who are insured directly through a health insurance company and are not now getting financial help can see dramatic savings if they switch to Covered California health plans.
Those who currently don’t have health coverage through Covered California can enroll through December 31, 2021 to benefit from this round of new financial help. This includes those consumers who currently are insured through an insurer outside of Covered California and are now eligible to get financial assistance for the first time and switch to more affordable plans.
In addition, all Covered California health plans must offer essential benefits under the Affordable Care Act that range from maternity care and hospitalizations to preventive and mental health care. Free preventive health care includes annual checkups with your doctor and screenings for diabetes, cancer, and high blood pressure.
Those interested in learning more about their health coverage options can also: