The health insurance reform laws can be quite confusing for many people. If you have heard of the tax credit for insurance premiums, then it is good to know what it is and how it can affect you.
What is It?
This is a tax credit that is designed to help make insurance premiums more affordable for individuals and families. This is offered only for Covered California members though. The nice thing about it is that you do not have to wait until tax time to take advantage of this. Rather, it will be applied when you sign up for the insurance.
Who is it For?
The idea of this is to help low and middle income families get the coverage they need by giving them a little more help. This is why your income is compared to the federal poverty level to find out if you are eligible for the tax credit.
What Can I Do?
The best thing you can do is to find an insurance agent that has partnered with Covered California to give you the help you need. This is just what you will find with Integrity First Insurance. They will look at your current situation as well as your needs for health insurance to help you find the plan that will not only meet your needs, but fit into your budget as well.