We are getting many questions about the new Covered California website. Several of you have received notices that your insurance will be cancelled at the end of 2013 and you are starting to shop for a new policy.
The amount of money you will need to pay annually is capped as a certain percentage of your annual income. If you premium is over that amount, then you will qualify for some matching funds. The Kaiser Family Foundation website has the most up to date information. They can he accessed at www.kff.org. On their website is a subsidy calculator accessed at http://kff.org/interactive/subsidy-calculator/
The subsidy calculator should be a very helpful tool in your decision making and also in decreasing your anxiety about unmanageable premiums.