Covered California Subsidy Calculator and Plan Comparison Tool

Last week, Covered California, California’s state-based health insurance exchange, released its online subsidy calculator and plan comparison tool. Users can enter basic demographic information- household size, annual income, and number of family members they’d like to be insured- and the tool will indicate whether or not the user is eligible for a premium subsidy on the spot.  If you are eligible for a subsidy to help pay for your monthly health insurance premiums, the subsidy calculator tool will tell you exactly how much you are eligible for, at which point you can go shopping for a health insurance plan that’s right for you.   The plan comparison tool will quote you plans from carriers servicing your specific geographical area, and it will show the total cost of the coverage, the amount of your subsidy, and your share of the premium.

If you are not eligible for a subsidy (or don’t wish to participate in the exchange), you can still shop for other options on the spot, via the same process. Your subsidy calculator and plan comparison tool will simply reflect the total cost of coverage, while still indicating the carriers and plans available in your area.

If you’d prefer to have the work done for you, you can simply enter your information here.  A licensed agent will duplicate the above process for you and narrow down the results based on your specific needs and qualifications.  The agent can weigh the pros and cons of the various health insurance plans against one another in addition to your current plan, if applicable. This service is available at no additional charge to you, and is highly recommended.  The proper plan choice, suited specifically to your needs, can save hundreds if not thousands of dollars in medical costs over the course of the year.