Some Southern Californians are poised to see their monthly health insurance premiums rise, or may even be at risk of dropping health insurance next year as Congress weighs an enhanced subsidy that’s set to expire in days.
Covered California is the state’s health insurance marketplace where many get financial help toward their monthly health insurance premiums. Over 800,000 people are subsidized in a swath of Southern California alone, according to a figure from June provided in an email from Covered California to the USA TODAY Network.
But officials have been alerting Californians for weeks to the major changes that could come next year if efforts to extend what’s known as enhanced federal tax credits fail by congressional lawmakers. It all comes as the deadline to enroll for health insurance through Covered California nears. Here’s what to know.
What’s going on with these health care subsidies? How does it impact me?
The COVID-era American Rescue Plan enhanced premium tax credits that had been extended both expanded eligibility and enhanced subsidy amounts for those accessing health insurance though health insurance marketplaces like Covered California, according to the Congressional Research Service…