We're not going to lie to you.
It's a lot to learn.
Health insurance is never fun but now they're throwing its less fun cousin..
There's a silver lining though.
That's not exaggeration. No infomercial.
We help people every day get these savings and we're going to spell out the key points here.
Of course, you can always get personalized help at 800-320-6269 at no cost to you.
We're Certified Covered Ca agents who have each enrolled 1000's of Californians.
You can always quote the plans here with Tax Credits calculated but read below.
There are many pitfalls, traps, and mines to avoid! No kidding.
So let's get started.
First, the bird's eye view!
What is Covered California?
We're going to speed round the overview of Covered Ca!
We wanted to build our own...so we did!
We even expanded some of the options beyond the original ACA (Affordable Care Act) law.
Covered Ca and a whole slew or rules started on Jan 1st 2014 and now rules the individual and family health insurance market.
Here's the key point...
Health plans available to individuals and families are now standardized.
We'll get into the basics below but here's the deal...
There are large tax credits available based on income through Covered Ca.
The tax credits are only available through Covered Ca!
The Tax Credit IS the real gist of Obamacare or ACA or Covered Ca (all the same thing!)
Let's start with the tax credit since it's so important!
If you have questions on off-Exchange or Covered Ca differences, call us at 800-320-6269.
The real deal behind the law is this...
You can get advanced tax credits to bring down the cost of coverage based on income.
There are some other considerations but income is basis now!
Here's the general income levels.
That's right...you don't have to wait for April to claim it.
For example, if your insurance plan is $300/month and your tax credit is $200/month (not unheard of), you'll get a bill for $100/month from the carrier.
That's the whole point of Covered Ca.
They are keepers and administrators of the tax credit!
Now there are some other drivers that affect the tax credit.
Too many to get into here but we can walk through your situation at 800-320-6269. As Certified Covered Ca agents, our services are free to you.
Again, each person's income is tricky. That's where we see most of the issues.
You don't want to find out that you owe the IRS $3,000 in April because you answered one question wrong on the application.
It happens to 100's of thousands (maybe millions) of people each year.
That's our job as Certified Covered Ca agents - to help people correctly apply so they get the right amount of tax credit.
You can spend the estimated 45 minutes online just to fill app
That's the carrot. Let's look at the stick!
This is the IRS. Please kindly send us 2.5% of your Income. NOW
You don't want that reply when you file taxes.
Millions of Americans are getting them and it's a downer party.
Don't get invited. Here's the deal.
Part of the ACA law said that a person has to get ACA compliant coverage or pay a tax penalty.
Here's the amount:
2.5% of income is a big number. Let's say you make $40K per year.
That's $1000 tax penalty!
You could probably come up with better uses of $1000 than to subsidize OTHER people health insurance!
You're going to pay either way so why not get protected so health care costs don't wipe you out.
We know we know, you're the son of Jarel...Superman.
Never get sick. Don't see doctors. and your ACL is impervious to...ummm
Oh. ACL repair runs around $20K these days and that's they do it behind the Polo Loco.
If you combine the tax credit and the tax penalty, it just doesn't make sense to go uninsured.
We can help you compare the cost of a qualified health plan with or without tax credit and the tax penalty.
This way, we can see what your REAL cost of insurance would be.
What about the actual plans?
Let's check it out!
This is probably the second biggest effect from the ACA law.
The law completely overhauled the plan designs since 2014.
By law, a plan must be within 2% of a benefits basis at each level.
Covered Ca goes a step further.
A bronze plan is a bronze plan. What's changing?
That really becomes the decision.
And of course....rates!
You'll see that costs differ significantly across a given benefit level even though the benefits are the same!
Some of that is HMO versus PPO. Some carriers are higher for a given area and demographic make-up (age).
There are some smaller carriers that specialize in certain areas.
You can quote the carriers in your area here with tax credit included.
The tax credit will apply the same to each plan option.
So how do we evaluate the four plan levels?
This is where our 20+ years experience comes into play but we'll give you a brief summary.
Everyone's healthcare needs and budget are different so it's best to go over your situation with a Certified Covered California agent at 800-320-6269.
Now, that's a broad sketch. There's a lot of fine tuning needed for each individual.
Here are some important take aways.
If you're offered a richer version of the Silver plan (Silver 73, Silver 87, or Silver 94), that's usually the best value.
Especially the Silver 87 or 94!
There's no reason to go any higher if you get this offer.
You'll notice for the large bills, the three bottom plans all treat them about the same.
If you're expecting really big bills, you may want to look at the Bronze or Platinum.
We can explain why this works. It really depends on the premium difference for your age and area.
Otherwise, we go Old School!
The same calculation we've made 1000's of times with 1000's of clients.
Comparing premium difference versus benefit difference as we go up and down the levels.
We can help with this at 800-320-6269 or run your quote here:
You have options there. Choose wisely!
First, we need to understand the rules for when we can apply.
There are two options:
Open Enrollment - Nov 1st - Jan 31st
Special Enrollment - rest of the year based on major life changes
That's it. We need one of the two to enroll in Covered Ca OR off Exchange.
We can get Short Term or Medi-cal anytime of the year!
Open Enrollment is pretty straight forward. What is the Special Enrollment?
These are the most common triggers for Special Enrollment:
The life change needs to occur in the past 60 days to enroll.
There are some other less known triggers...call us at 800-320-6269 to see if you might be able to enroll.
Of course, there are rules there.
Example of #2
You enroll May 17th. You will be eligible for overage July 1st.
These effective date rules apply to Open Enrollment as well.
That's the when (enroll and effective).
What about the HOW??
That's our favorite part.
It's where we really HELP people.
People finish the process with us and they're literally stunned...especially if they know someone that self-enrolled.
We make it easy and there is absolutely no cost to you.
We're Certified Covered Ca agents who have enrolled 1000's of Californians in every possible set-up you can imagine.
Call us at 800-320-6269 to enroll, calculate tax credit, or pick plan. Hey, all three!
Again, we get many people who delegate us as their Covered Ca agent. They add us after the fact because they're running into problems with the online app.
We always go through and make sure everything looks correct.
That's where we find more than 1/2 have major issues that can prevent them from getting their full tax credit.
We have 20+ years experience
We have enroll 1000's of Covered Ca accounts
Our services are 100% free to you
We're also very nice. Seriously...that has to count for something in such a complicated system!
Call us at 800-320-6269 or run your quote:
"My sincere thanks for making a miracle happen- 2014 health insurance !! Many thanks for your expertise and advice yesterday !!"
"Thanks again for your help - I had absolutely no idea how to get this done when I got up this morning. You've made it remarkably easier than I expected. I hope you're not stuck at the office all night..."
"Anyway, I hope you got some time off this past week! Thank you again for your help and efforts on my behalf! I was very lucky to find you."
"I thank you very much for the time that you have invested in handling everything
"I truly appreciate the quick response and will think of you in the future if I need to make any changes to my insurance plans."
"You are awesome... takes a huge worry off my back, thank you for your kind. thanks for your time and kindness. !!"
"Wow, I can't thank you guys enough for your help...I couldn't imagine trying to tackle this on my own!"
"You are my new best friend. A HUGE thank you again.
20 years of experience in the California health insurance market has taught us one thing...Competent and experienced guidance is Invaluable
We can quickly (very important) size up your health insurance needs and clearly explain the options available to you. Our focus is finding the most coverage at the best cost to you.
We are licensed Covered Ca agents with in-depth knowledge of their plans, process, and tax credits.
Call us...you will be Pleasantly Surprised. 800-320-6269
We'll quickly see if you have the best priced plan available and if you qualify for a tax credit800-320-6269
This website is owned and operated by Goodacre Insurance Services, which is solely responsible for its content. This site is not maintained by or associated with Covered California, and Covered California bears no responsibility for its content. The email address and phone numbers that appear throughout the site belong to Goodacre Insurance Services, and cannot be used to contact Covered California.