News Headlines Article

Covered California touts subsidies as it prepares for third open enrollment
Sacramento Business Journal

The good news, as Covered California prepares to launch its third open enrollment period, is that most Californians know there’s a tax penalty if they don’t have insurance.

The bad news is about a third of the remaining people without insurance in California still don’t know there are subsidies available to help them pay for coverage, according to a new study released Thursday.

“Why does that matter?” said Peter Lee, executive director of the health benefit exchange. “The most important reason to buy insurance (through Covered California) is the subsidy.” About 90 percent of the 1.3 million people currently in the program get subsidies and more than 200,000 of them spend less than $50 a month for coverage.