Accessible Version of Inflation Reduction Act + Covered California = Big Health Insurance Savings Infographic
Consider this: Individuals making less than $25,760 a year are getting quality health insurance plans for just $43 a month on average. Families of four with a total household income less than $53,000 are paying just $81 a month on average. That’s roughly a 93% savings off gross premiums on average, with around 404,000 Californians getting brand-name plans for free. Those who were previously ineligible for federal financial help are now saving about $580 a month on their monthly premiums, a reduction of more than 50%!
The American Rescue Plan helps many people at different income levels. No matter how much you make, you won’t spend more than 8.5 percent of your household income on health insurance premiums for a benchmark Silver plan. Find out how much financial help you might be eligible for and just how affordable health insurance can be at CoveredCA.com.
Getting Covered
If you do need to secure coverage, Covered California offers financial help for quality brand-name health insurance. You can apply during open enrollment or if you have a major life change like loss of health coverage, change in your household size, or other qualifying event For most life events, you have 60 days from the date of that event to enroll.
People with low incomes of up to 150 percent of the federal poverty line, or those who qualify for Medi-Cal, can apply year-round.
Make life easier with more affordable health insurance that can give you and your family peace of mind and put money back in your pocket. Sign up at CoveredCA.com.