Agents help sign people up for insurance through the Covered California exchange at their storefront in Huntington Beach, Calif., on Nov. 1, 2016.
During the 2022 tax season, the latest year for which data is available, more than 271,000 households paid fines for lacking health insurance the year prior, according to the Franchise Tax Board. All together those Californians paid the state about $312 million.California is one of four states, plus the District of Columbia, that penalizes residents for not having health insurance. This tax season, Californians are seeing health insurance penalties of up to $850 per adult and $425 per child.
For example, a family of four in Los Angeles earning $50,000 could qualify for a standard plan for $28 a month or a high deductible plan with no monthly premiums, according to Covered California’s quote tool. Meanwhile a single person making the same amount in the same city would have to pay about $295 a month for a standard plan.
“As good a job as Covered California does in all of their marketing and outreach efforts, I think that health care continues to be a scary topic for people. It’s complicated. I think that means we have to work harder collectively to get the word out.”While the state may have an idea of who is going without insurance and who may qualify for a low-cost plan, targeting those individuals is not as easy as having an insurance agent call them.
The open enrollment period to buy a plan through Covered California is now closed, but people can still sign up if they have a life-changing event, such as having a child, getting married or if they lose a job.Insurance plans bought through the marketplace are heavily subsidized for thousands of Californians because of federal aid provided first by the American Rescue Plan in 2021 and continued by the Inflation Reduction Act in 2022.
Source: Healthcare Press (healthcarepress.net)
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