When it comes to picking a health plan, Californians can pick between different options that are most suitable for them. While Medi-Cal provides low-cost, or, in some cases, even free health coverage to California residents who qualify for the program, Covered California acts as an insurance marketplace where customers can choose a health plan. Likewise, Medi-Cal is meant for residents with limited income, while Covered California enables Californians to shop around and apply for financial assistance if they are qualified for it.
Insurance plans that are exclusive to California residents provide the same level of coverage as in other states. However, some unique limitations can apply. For example, California is undoubtedly a high-risk state for both earthquakes and forest fires. Most of the real-estate insurance coverage plans provide reimbursement in case of a fire or an earthquake.Alternatively, Californians can choose health insurance policies that can range from group to individual and family plans. The main difference here is that a group plan is often purchased by an employer, whereas the individual and family options are bought outside an association.
Health insurance plans can vary greatly in price, when it comes to buying health insurance in California. While the national average for health coverage is close to $500 a month for a 40-year old person, in California, you would be expected to pay up to $588 a month, or about $7,000 a year for health insurance. On the other hand, drivers pay up to $172 a month for car insurance or close to $2,065 per year for full car coverage according to Bankrate. Although it is quite pricey, compared to other states, slightly different rules apply for California residents since full coverage in the Golden State includes collision, comprehensive, and liability insurance.
Purchasing an insurance policy can make you feel safe and protected against various risks. But while you do not obtain a financial advantage in return for the premiums you pay, the moral benefits offset the risk expectation. Let’s be honest: insurance companies are in this business for money and not your moral benefits. That is […]
Did you decide to leave your job but keep worrying about losing your group health plan? Getting another position sometimes means dealing with a short waiting period. The good news is that you can remain on your employer-provided coverage under COBRA. California residents get to use two types of continuation coverage: the federal version of […]
Getting fired can take you by surprise, but deciding to quit implies having a plan in place. It’s no secret that these options require dealing with health insurance continuation. Without it, severe disease or a bad accident can cost you a pretty penny. And even a minor health issue is likely to result in disproportionate […]
Home to Silicon Valley, Hollywood, and Disneyland, California may be one of the best states to ski, surf, and gaze at the stars in the desert. Unfortunately, though, the quality of pastime activities in California has nothing to do with the quality of life there. With 430 crimes per 100,000 residents, poor air quality, and […]
Uninsured motorist coverage helps you mitigate the risk of other drivers not having liability car insurance at all.
Fear of losing a job goes hand in hand with the fear of losing health coverage. But there is no need to worry — COBRA has got you covered. It is no secret that all former employees have to qualify for this continuation option. Even so, it remains an excellent alternative that can help you […]
Imagine all the blood, sweat, tears, and money shed to start a small business. Imagine that a disaster strikes, and all that hard work goes up in flames, washes away in flood, or crumbles to the ground. Natural and artificial disasters will inevitably strike. The Federal Emergency Management Agency (FEMA) estimates that 40-60% of small […]
Health insurance enrollment has been recently re-opened in the state of California. This time, the government is offering significantly lower premiums. The price is generally decreased by $1,000 and even more in specific cases. The state exchange typically provides access to insurance once a year. The Coronavirus relief package signed recently by President Biden made it […]
Over 61% of Americans get their health insurance from their employers. In CT, it is estimated that 2/3 of residents get their health insurance from their employers (OHCA 2004 Small Employer Health Insurance Survey, 2004). Additionally, the majority of the uninsured in CT today have at least one person in the family working (79%), and […]
Health insurance supports policyholders and allows them to afford protection from health-related risks and various injuries. When you purchase a healthcare plan, you expect to get the most out of it, especially if you have medical problems. That is why statistically, people with health issues tend to buy policies more often. Does it mean that […]
