Kevin Knauss: Health, History, Travel, Insurance
California’s individual mandate penalty will require residents to prove they either had minimum essential coverage during the year, have a valid exemption, or pay a penalty. The penalty will be the greater of $695 per adult ($347 per child) OR 2.5% of the household income. The verification of creditable minimum essential coverage and/or the ultimate penalty will be reconciled when residents file their state income tax returns with the Franchise Tax Board.
ABLE account beneficiaries can contribute their own income or property to their ABLE account. A beneficiary may transfer countable property to their ABLE account to spenddown excess property.
Will I be able to keep my current health plan? If you have a health plan bought directly from a health insurance company – also known as off-exchange – you might be able to enroll in the same plan. Not all health plans offered direct to consumers off-exchange are available through Covered California. For example, if you have a Kaiser Silver HDHP HSA compatible plan, it is not offered through Covered California. You would need to select one of the plans Covered California offers in order to get the subsidy.
Sutter Health Plus has added a schedule of estimated costs for many routine health care services similar to the Kaiser Permanente fee schedule. They have also released their individual and family health plans that are available in parts of the Bay Area and Sacramento region. For individuals and families with High Deductible Health Plans, it […]
The Covered California Premium Subsidy for health insurance is in addition to any federal ACA subsidy. It is also available for households who don’t qualify for the federal subsidy such as incomes over 400% of the federal poverty level. The subsidy estimator is an online tool to determine if your household might qualify for the […]
When the Covered California system is in the renewal mode, changes to your household will affect enrollment and subsidies for 2020. If you need to make changes for 2019, you will want to go through the Report A Change function on the home page.
For the California Premium Subsidy, you will reconcile that subsidy amount with the Franchise Tax Board when you file your state income tax return. And this is where it gets complicated and a potential headache for tax prepares. If your income is between 200% and 400% of the FPL you potentially could be receiving 2 subsidies, one from the feds and one from the state. If you earn over 400% of the FPL you will only get a subsidy from California.
I was surprised by the 60% increase in the Silver 70 medical deductible from $2,500 in 2019, to $4,000 in 2020. The Silver 73 plan increased 68% from $2,200 to $3,700 and the Silver 87 went from $650 to $1,400 – a 115% increase.
We do know that Myrtle died on October 24, 1966 and is buried next to her husband Carl Reitenour in the Rocklin cemetery. Of course, none of this answers the question of who took the photos: Myrtle, her father, her brother, or, perhaps, her husband Carl J. Reitenour? But someone close to Myrtle lived very near the spot where the 1914 occurred. Hopefully, these photos will be found by another historian and will help fill in the gaps and perhaps they have additional information regarding the photographer.
From my perspective, universal basic monthly income is already happening. Covered California gets money from the federal government and then sends it to the health plans. Whether the average amount is $424 or the real-world case of $2,094 per month, the Covered California subsidy is a real dollar amount that helps thousands of families in California. Perhaps Yang and Harris should study how the ACA and Covered California work and not tout their proposals has new or groundbreaking. The federal government is already paying out money on behalf of millions of health insurance consumers to make the monthly premiums affordable, which frees up money to pay all the other bills.
