Covered California’s Open Enrollment Extended Due to New Tax Penalty

Covered California, the state’s Affordable Care Act insurance exchange, will allow residents to enroll in a healthcare plan through March 31 to avoid paying the individual mandate, which can be more than $2,000 for a family of four and will be assessed when uninsured residents file their taxes in 2021. The state expanded subsidies to offset the burden of paying for medical coverage, allowing a person making up to $74,940 and a family of four with a household income of up to $154,500 to qualify for the help.  Read the full article below for more information…

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