California Health Exchange Plan Approved By Feds [View all]

[SunSeeker]

California received conditional approval from the federal government Thursday to establish a health care exchange, meaning residents will soon be able to compare insurance plans at competitive prices.

California is among seven states that received the go-ahead from the U.S. Department of Health and Human Services to operate its own health insurance exchange, one of the provisions under President Barack Obama's Affordable Care Act. The goal of the exchange is to create what federal officials call a direct-to-consumer market.
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Those who may qualify for federal tax subsidies and credits to help buy health insurance include those with incomes between 133 and 400 percent of the federal poverty level, and businesses with fewer than 50 employees. Coverage will begin in 2014.
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For families earning up to $92,000 per year, a government subsidy will be available to help pay for that coverage.

For more information on Covered California and the California Health Benefit exchange, go to www.healthexchange.ca.gov.

http://www.huffingtonpost.com/2013/01/04/california-health-exchange-plan_n_2409200.html