800,000 Households Got Health Care Subsides in California
Source: Sacramento Bee
Some 800,000 California households received $3.2 billion in federal health care subsidies last year, officials said Monday.
Covered California Executive Director Peter V. Lee said the average household subsidy exceeded $5,200. Lee’s announcement was meant to serve as a reminder that support is available to others eligible to sign up for the state exchange before the Feb. 15 deadline.
“This is an extraordinary time in our nation’s history,” Lee said in a statement. “The Affordable Care Act is making it possible for individuals to get the care they need by making coverage affordable.”
The $3.2 billion was paid to health insurance companies on behalf of those who enrolled in coverage. Customers’ share toward their plans totaled $1.1 billion.
Lee said health exchange customers will need to use the information to file their federal tax returns. More information on that is available here.