California’s health insurance exchange released an analysis showing that Republicans’ plan to trim subsidies, on average, by 40% would fall hard on elderly and very low-income people, especially in expensive areas like San Francisco.
Decently paid millennials in LA might be better off than under Obamacare — but older people in pricier areas could fare much worse.
The thought of losing California’s Obamacare gains is “somewhere between nauseating and mind blowing,” says Robert K. Ross, CEO of the California Endowment.
Covered California sent the wrong subsidy information to insurers, who charged most consumers less than they really owed. Now they have to pay up.
Health insurance subsidies are pegged to income estimates, but if those are too low, the customer may have to make a repayment to the government.
Due to an error by the exchange, many of them didn’t know they needed to give permission to have their income verified. But Covered California says it will reinstate the tax credits for those who give their consent.
The federal government and the Covered California exchange remind people as they become eligible for Medicare to cancel their Obamacare coverage.
Covered California está haciendo más fácil para los consumidores comprar diferentes planes de salud para distintos miembros de la familia.
Covered California is making it easier for consumers to buy different health plans for different family members.
The retirement savings are considered income, so an unexpected withdrawal may change the level of premium subsidies for which an individual qualifies.