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Cost Sharing Subsidies: Are You Eligible?

Through the Affordable Care Act, more people will be purchasing health coverage than ever before. The key is to find a suitable healthcare plan within your income. Purchasing your healthcare insurance through a state or federally operated exchange enables you to apply for cost-sharing subsidies to lower the cost of your insurance coverage. These subsidies are available to lower income individuals and families who cannot afford the high cost of health care coverage.

The qualifications for cost-sharing subsidies are based on annual income and family size. If you were single in 2012 and your annual income totaled less than $27,936, you may qualify for cost sharing subsidies. (A family of four with an income of less than $57,636 may also qualify).

Covered California offers a number of cost-sharing subsidy plans and you can compare their costs and benefits online. Cost-sharing subsidies makes it possible for you and your family to obtain health coverage with greater benefits at a more affordable cost. You benefit from more comprehensive health coverage without having to pay prices that are way beyond your financial capabilities.  

Find out if you are eligible for a cost-sharing subsidy plan through Covered California by contacting Save-On Health Insurance Services, Inc., Los Angeles.