Blue Shield of California will be implementing a new online payment system for their individual and family plan members in 2018. Consumers with off-exchange health plans, those bought directly from Blue Shield and not from Covered California will be transitioned to the new billing system in March … [Read More...]
InsureMeKevin
- Covered California Premiums Higher Than Small Group RatesThe first comparison was of two individuals at a Sacramento company enrolled in a Sutter small group HMO Silver plan. The rate for the 60-year-old employee is $838 and $688 for the 56-year-old employee. An IFP Silver plan directly from Sutter Health Plus HMO is $1,115 for the 60-year-old and $958 for the 56-year-old. The […]
- Minimum Wage Increase Will Push People Out Of Medi-Cal EligibilityThe $1 increase in wages per hour between 2018 and 2019 is an 8% increase. The FPL has been increasing approximately 1% every year. But if we assume the FPL increases 2% that would put the new Medi-Cal monthly income level at $1,425. The increased minimum wage for 2019 still makes the individual working 30 […]
- Explaining Medi-Cal & Covered California Federal Poverty Level Income AmountsWhere a primary source of confusion starts to creep into the preliminary eligibility determination for either Medi-Cal or Covered California hinges on when the new FPL amounts are considered for eligibility. This is where the rules concerning determining eligibility are not necessarily aligned between Medi-Cal and Covered California. The rules put forth by the ACA […]
- Calculating Health Insurance Premium Tax Credit Subsidy With New IRS FormsOn the old 1040 tax forms you report any repayment of excess Premium Tax Credit on line 46, and any additional PTC owed to you on line 69. For 2018, repayment of the PTC subsidy is reported on Schedule 2 Tax (line 46) and additional subsidy tax credit is listed on Schedule 5 (line 70) […]
- New Adjusted Gross Income Federal Income Tax Line For Covered California Income EstimatesBasically, the redesigned 2018 form 1040 has made it more difficult to quickly locate all the necessary information for estimating a household's MAGI. Virtually all of the dollar amounts were listed on the first page of the old form 1040. Now Covered California participants will have to review page 2 of the 1040 and Schedule […]