Some of the $429 million worth of state subsidies available in 2020 will go to low- and moderate-income people who earn between 200% and 400% of the federal poverty level, or roughly $25,000 to $50,000 for an individual and $51,500 to $103,000 for a family of four, based on 2019 figures. This group also qualifies for federal tax credits. The average household state subsidy in this category would be $15 a month, Covered California estimates.
For a do-it-yourself estimate of what your financial assistance might be, go to the Covered California site and click on “Shop and Compare.” You will be asked to enter your ZIP code, the number and ages of people in your household, and your family income. A word of caution: Be careful estimating your income. If you end up making more than you guessed, you may have to pay back some or all of the financial aid.
You may also have to pay back some or all of your state aid if your income exceeds your estimate, but the details of how much you will owe are being finalized.
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