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My Favorite Insurance Broker/Agency, is currently focusing on helping Californians take advantage of the American Rescue Plan offered by Covered California.
The American Rescue Plan is a federal relief and stimulus package designed to help people recover from the COVID-19 economic crisis. It recently expanded its financial help to lower insurance premiums and increase the savings of eligible people.
This subsidy is only available for those who enroll through Covered California.
The Covered California Health Exchange is the government agency offering subsidized Obamacare plans for this state. The California Health Exchange was created to assist citizens and legal residents with applying for marketplace coverage in order to comply with the Affordable Care Act (“ACA”). When the law was passed in 2010, each of the 50 states had to decide to either create a state-run health insurance exchange or offer enrollment through a federally-operated exchange. This state chose to create their own exchange and called it “Covered California”.