Covered California is a new insurance marketplace created to provide a one stop shopping experience for Californians to take advantage of provisions of the Affordable Care Act., popularly known as Obamacare.
The Affordable Care Act takes effect Jan 1, 2014, and will be overseen by a five-member board appointed by the Governor and Legislature. For the first time individuals can compare and select a health care plan that fits both their health care needs and their budget. Small businesses will not only be able to purchase competitively priced health plans and offer employees the ability to choose from an array of health care plans, but they may also qualify for federal tax credits.
If you are concerned about the cost of premiums, there is good news, as the Federal Government will be providing financial assistance that can greatly lower the cost for those who qualify on a sliding scale.
Taylor Benefits Insurance Agency can answer all of your questions regarding this new landscape for insurance coverage the best options for your company and its employees. For more information about the Affordable Care Act, be sure to visit the Covered California website at www.coveredca.com
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