Yes. 2024 Open Enrollment will last through 1/31/2024.
Open enrollment begins November 1, 2023 and ends January 31, 2024.
Yes. Although the federal penalty has been reduced to $0, the State of California has introduced a new, State penalty, for not having coverage. The penalty is 2.5% of Adjusted Gross Income (AGI) or $695, which ever is more, for each person that does not have coverage.
Covered California sends out 1095a documents between January 15th and January 31st each year. It is possible that you received the forms at that time but have misplaced the form. You can get another copy by logging into your Covered CA account or calling the number above.
No. Form 8962 is downloaded from the IRS website and form 1095A (provided by Covered Ca) is used to complete form 8962.
If you are being offered COBRA insurance from your former employer, you may still want to consider purchasing Covered California health insurance for several reasons: 1. Cost: COBRA insurance can be expensive because you are responsible for the full premium, including the portion that your employer used to cover. In contrast, Covered California offers a marketplace where you may be eligible for subsidies or tax credits based on your income, which can significantly reduce your monthly premium costs. 2. Choice of Plans: Covered California provides a variety of health insurance plans from different insurance companies. You can compare these plans and choose one that best fits your needs in terms of coverage, doctors, and hospitals. With COBRA, you may have limited options as you typically continue the same plan you had with your employer. 3. Flexibility: Covered California allows you to enroll during specific open enrollment periods or in certain qualifying life events, such as losing your job or experiencing a change in income. This flexibility can be beneficial if your circumstances change or if you find alternative coverage options. 4. Subsidies: Depending on your income, you may be eligible for subsidies through Covered California, which can make health insurance more affordable. COBRA does not offer income-based subsidies, so you might pay less for coverage through Covered California. 5. Network: Covered California plans often have a network of healthcare providers, which can be important if you have specific doctors or hospitals you prefer. With COBRA, you might be limited to the network associated with your former employer's plan. 6. Pre-Existing Conditions: Covered California plans are subject to the Affordable Care Act (ACA) regulations, which means they cannot deny coverage or charge higher rates based on pre-existing conditions. COBRA plans also cannot deny coverage based on pre-existing conditions, but the cost can be high. 7. Duration: COBRA coverage typically lasts for up to 18 months after leaving your job (or longer under certain circumstances), while Covered California plans are available on an ongoing basis, allowing for more long-term stability. It's essential to carefully compare the costs, coverage, and benefits of COBRA insurance with those offered through Covered California to determine which option best suits your needs and financial situation. Additionally, consider your employment status, income, and any specific healthcare needs you have when making your decision. Consulting with an insurance broker or a healthcare navigator can also provide valuable guidance in choosing the right coverage.
Call one of our helpful agents today and find out. You can also go to our home page, fill out the simple form, and we will call you.
Covered California is alive and well. It is still providing reduced cost health insurance to over 1 million Californians.
Yes, starting with the 2016 plan year, you will be able to add adult dental coverage to your account. Covered California has always offered dental coverage to children.
No, Covered California is not your insurance company. CoveredCa is the exchange created so that you can shop for and purchase health insurance from a health insurance company such as Blue Shield, Blue Cross, Health Net or Kaiser.
The exchange in California that you will use to sign up for "ObamaCare" is Covered California. California chose to run its own exchange so in California you will be using a state health insurance exchange vs. a federal health insurance exchange.
No. Covered California is the name given to California's exchange. Covered Ca was created to sell the insurance dictated in the Affordable Care Act or ObamaCare.
The last day for CoveredCa open enrollment is January 31, 2024.
There is a large volume of phone calls flooding the Covered Ca call center. If you call us we always strive to answer the phone the first time or get back to your call in less than 15 minutes.
Yes. Covered California has always offered dental and vision coverage to minors. As of the 2016 enrollment year, Covered California will be offering dental coverage, for an additional charge, to adult members. This coverage starts at about $13 depending on age, location, and plan selected.
CoverMe-insurance.com is a certified enrollment agent for the Covered California system.
IRS Form 1095-A, also known as the "Health Insurance Marketplace Statement," is a tax form used in the United States to report information about health insurance coverage obtained through the Health Insurance Marketplace, also know as the Exchange. In California the Exchange is called Covered California. Here is a brief history of Form 1095-A: 1. Introduction of the Affordable Care Act (ACA): Form 1095-A was introduced as part of the implementation of the Affordable Care Act (ACA) in 2010. The ACA, also known as Obamacare, aimed to reform the healthcare system in the United States and increase access to affordable health insurance coverage. 2. Creation of Health Insurance Marketplaces: The ACA established Health Insurance Marketplaces where individuals and families could purchase health insurance plans. These marketplaces were either run by the federal government or by individual states. 3. Need for Form 1095-A: To ensure compliance with the ACA's provisions, individuals who purchased coverage through the Health Insurance Marketplace needed a way to verify their coverage and any premium tax credits or subsidies they received. Form 1095-A was designed to serve this purpose. 4. First Use of Form 1095-A: The first tax year for which Form 1095-A was used was 2014. Health insurance providers, including those in the Health Insurance Marketplace, were required to provide this form to individuals who enrolled in their plans through the marketplace. 5. Information Included on Form 1095-A: Form 1095-A includes important information such as the name of the individual or family member covered, the dates of coverage, the monthly premium amount, the amount of any advance premium tax credits received, and other relevant details. Taxpayers use this information to complete their federal income tax returns. 6. Tax Filing Requirement: Individuals who receive Form 1095-A are required to use it when filing their federal income tax returns. It helps calculate the amount of premium tax credits they were eligible for and whether they need to reconcile any differences between the advanced premium tax credits received and the actual premium tax credits they qualify for. 7. Annual Filing: Form 1095-A is typically sent to individuals each year, usually in January or early February, to allow them to complete their tax returns for the previous tax year. Taxpayers attach the form to their tax returns as documentation of their health insurance coverage. 8. Ongoing Changes: The specific details and requirements related to Form 1095-A have evolved over the years as the ACA has been subject to legal challenges, legislative changes, and regulatory updates. Taxpayers are encouraged to consult the most recent IRS guidelines and instructions related to this form when preparing their tax returns. In summary, IRS Form 1095-A was introduced as part of the implementation of the Affordable Care Act to provide individuals and families with documentation of their health insurance coverage obtained through the Health Insurance Marketplace. It plays a crucial role in determining eligibility for premium tax credits and subsidies and helps ensure compliance with the ACA's healthcare coverage requirements.
If you have received IRS Form 1095-A, it means you had health insurance coverage through the Health Insurance Marketplace at some point during the tax year. Here's what you should do: 1. Review the Form: Carefully review the information on Form 1095-A to ensure its accuracy. Check the names, Social Security numbers, and other details to make sure they match your records. 2. Keep it for your records: Even though you don't need to file Form 1095-A with your tax return, you should keep it for your records as proof of your health insurance coverage. 3. Use the information for your tax return: The information on Form 1095-A will be used to reconcile any premium tax credits (subsidies) you received during the year with the actual premium tax credit you are eligible for based on your income and family size. This reconciliation is done on IRS Form 8962, Premium Tax Credit. 4. File your tax return: You will need to complete IRS Form 8962 and include it with your federal income tax return (usually Form 1040 or 1040A) when you file your taxes. This form helps calculate whether you owe money or are entitled to a refund based on your premium tax credit. 5. Seek assistance if needed: If you have questions or need help with the reconciliation process, consider seeking assistance from a tax professional or using tax preparation software that can guide you through the process. It's important to file your taxes accurately and on time to avoid any penalties or complications. If you have specific questions or concerns about your Form 1095-A or how it affects your tax return, it's advisable to consult a tax professional or contact the IRS for further assistance.