There are a large number of health insurance carriers in the California state offering low income health insurance benefitting the residents who cannot afford to buy independent expensive health insurance plans. The Affordability Act has revolutionized the concept of health insurance in the state and consequently,Guest Posting the low income groups of California can get the following advantages in the health insurance arena.
The California state will give federal tax subsidies to over 503,000 small businesses in the state if they extend health insurance coverage to their employees. Earlier, a few firms were only offering health insurance to their employees since they had to bear 18% more https://infowsieci.pl expenses than the other bigger firms. This is a major advance in the low income health insurance California arena since a large number of citizens in the state can now be guaranteed of group health insurance coverage.
Group health insurance coverage is a significantly economical option as against independently purchased health insurance plans since the rates of premiums are subsidized in addition to the company bearing a sizeable amount of the premiums.
Those Medicare beneficiaries in the California state who have exhausted their health insurance coverage will have to shoulder the full costs of health insurance. However, the Affordability Act has made a provision for a one-time discount of $250 over the cost of their prescription drugs. This has come as a significant help to low income health insurance California.
The act has also enabled 430,000 early retirees in the California State to avail of a federal fund of $5 billion to gain access to affordable health insurance plans from their prospective employers. Low income groups can thus leave their worries of continuing within the health insurance coverage after leaving their jobs.