Health insurance in California is a whole new ball game now that the Affordable Care Act has been fully implemented. There are more money-saving options for many of California’s taxpayers, who will now be able to find policy premiums at much lower prices than what they were paying before.
An insurance agent can really help you get creative with how you set up your insurance policy, or policies, so that you save the most money while covering your entire family. Did you know that you do not have to have your entire family on the same policy?
The first thing your agent will want to know is whether or not you and your family are covered by health insurance at work and how much you pay out-of-pocket for that health insurance premium. Many employer-sponsored health plans do not cover spouses or children or they only cover a small portion of the cost. A good agent will be able to look at your household income, and any coverage provided by your employer, and let you know if you should do a sort of mix-and-match with the health insurance exchanges provided through Covered California.
Perhaps your spouse has an employer-sponsored plan that only covers them. Your agent can help you find insurance through the health exchanges to cover yourself, and you might be able to take advantage of a good tax credit, depending on your income. Health insurance in California just got a lot more interesting.
Taking that even further, depending on your income, there are different ways to cover your kids. You might save money if you are a lower income family by signing your younger children up for Medi-Cal, California’s Medicaid program. Your adult children can be added to your own policy, up until they reach age 26, rather than asking you for the money to get their own policies.
In the end, it might be more beneficial for all of your family members to be on the same insurance policy, but you never know unless you explore the options. With so many possibilities available to you, you will definitely want to enlist the help of a professional agent for purchasing health insurance in California.
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