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Affordable Health Insurance for CSU Students and their Families
A new online marketplace to find afford
- rdable
ble health insurance
- ptions under
the Affordable Care Act (ACA).
What is Covered CA?
www.CoveredCA.com
Insurance for CSU Students and their Families What is Covered CA? - - PowerPoint PPT Presentation
Insurance for CSU Students and their Families What is Covered CA? - - PowerPoint PPT Presentation
Affordable Health Insurance for CSU Students and their Families What is Covered CA? www.CoveredCA.com A new online marketplace to find afford ordable ble health insurance options under the Affordable Care Act (ACA). New Options for
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Op Option ion 1: 1: Medi-Cal al Program gram
New Options for Getting Health Insurance
State-run program for low-income individuals and families FREE coverage for those who qualify!
FREE
Note: Eligibility is based on income relative to the Federal Poverty Level (FPL). Individuals and families making up to 138% FPL may be eligible for Medi-Cal. According to 2013 Federal Poverty Guidelines, FPL is $11,490 for an individual and $23,550 for a family of 4 (http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html).Now open to families and adults without children
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Op Option ion 2: 2: C Cove vere red d CA
New Options for Getting Health Insurance
Online marketplace to purchase private insurance Financial assistance, also known as a subsidy, is available to many middle and lower income individuals The lower the income, the more the subsidy
Note: Eligibility is based on income relative to the Federal Poverty Level (FPL). Individuals and families making up to 138% FPL may be eligible for Medi-Cal. According to 2013 Federal Poverty Guidelines, FPL is $11,490 for an individual and $23,550 for a family of 4 (http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html). SLIDE 5
No denial for preexisting conditions No questions about health history Free preventive services Stay on or be added to parents’ plan until age 26
New Consumer Protection
HEALTH CARE REFORM
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You’re Young & Healthy… Why Do You Need Insurance?
Photo from Flickr: http://www.flickr.com/photos/91325507@N02/8291733691/ SLIDE 7
Things Happen… Ac Active ive live ves include clude the ri risk of f injur jury: y:
» 1 day in a hospital in Los Angeles County averages $4 $4,50 500* » An emergency room visit can cost $3 $3,00 000 or r more re** » You may need reproductive or specialty care
* Helfand, D. Los Angeles Times. March 6, 2011. Retrieved from: http://articles.latimes.com/2011/mar/06/ business/la-fi- hospital-cost-20110306 ** Kliff, S. The Washington Post. March 2, 2013. Retrieved from: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/ 02/an-average-er-visit-costs-more-than-an-average-months-rent/ SLIDE 8
Things Happen…
He Healt lth h in insu sura ranc nce wil e will l pr prote tect ct you a u and nd your ur fami mily ly fro rom m hi high gh me medi dica cal bil l bills ls and nd de debt bt
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What Will Health Insurance Cover? » Primary and specialty care » Free preventive care » Hospital care » Prescription drugs » And much more
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What Will Health Insurance Cover?
In Insur suranc nce e hel helps ps ke keep ep yo you u he healt lthy hy and nd pr protec ects you u aga gains inst t th the un e unex expe pect cted ed!
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Probably less than you think! Depending on your income, monthly premiums can be as low as $2 $26 6 per month nth – less than many common expenses:
How Much Will Health Insurance Cost Through Covered California?
Monthly cell bill 1 tank
- f gas
2 movie tickets & popcorn
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Cost per month: $166* Student pays: $26 Exampl mple 1: 21-year-old CSU student Income: $18,000/year
How Much Will Health Insurance Cost Through Covered California?
*Costs are estimates, Los Angeles zip code 90032.Government pays:
- $140
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Exampl mple 2: Family of 4, ages 46, 44, 22, and 19 Income: $45,000/year
How Much Will Health Insurance Cost Through Covered California?
*Costs are estimates, Los Angeles zip code 90032.Cost per month: $750* Family pays: $47 for all 4 family members Government pays:
- $703
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The Affordable Care Act requires that nearly rly all l U.S. . citize tizens ns have health insurance coverage.
New Requirement to Have Insurance Coverage
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A CSU No-Brainer: Why Pay the Fine?
» Most Americans will have to be insured or pay y a fine » For many CSU students and families the fine may cost more than insurance
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Penalties* for Individuals 18 & Over
$325 $325
- r
2% 2% of
annual income
In 20 2015 15
$695 $695
- r
2.5 .5% of
annual income
20 2016 16 and Beyond nd
*Penalty is greater of fixed dollar amount or percent of income. Source: Covered California, https://www.coveredca.com/faqs/Tax-Penalty/#105 SLIDE 17
Take Home Messages
He Health alth insu nsurance ance can help you and your family stay healthy and avoid health care costs. It may be much less ss expensi pensive ve than you think,
- r even free
ee! Be sure ure to t
- talk
lk to yo
- your
ur family mily about health insurance and getting affordable coverage.
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About 250,000 0,000 CSU students and family members have already signed up for Medi-Cal or Covered CA.
Join the Club
Jo Join n the hem! m!
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Get More Information
Please email us if you have any questions about Covered California and the options available to you.
in info@csuhi fo@csuhiep ep.com .com
Emailing is NOT OT a commitment to enroll. Op Open enrollment llment for Cove vered red California
- rnia:
No November vember 15th
th through
rough Fe Februar bruary y 15th
th
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CSU Health Insurance Education Project: www.calstate.edu/coveredca Or visit: www.CoveredCA.com Or follow us on Twitter: @CSU_HIEP
Learn More
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Tha Thank y nk you!
- u!
We hope to talk with you again.