Will Donald Trump Cancel My Covered California Plan?
Posted: November 10, 2016
By John Hansen
Covered California Responds to this Week’s Election Results
With the election results and Donald Trump having sworn to repeal Obamacare, many Californians are concerned. Surprisingly, the Republicans kept control of both the House and the Senate, which may give President-Elect Trump the opportunity to make massive changes to healthcare in America. Consumers are afraid they may lose their Covered California plan, or they may lose their health insurance subsidies.
In light of these concerns, the California State Exchange has notified the public:
“Covered California remains focused on open enrollment. We want to make sure consumers know their options. Health coverage options are [still] available to consumers with financial assistance to help pay for coverage. We will be communicating these important messages to consumers during open enrollment, which goes through January 31, 2017.”
Covered California has been one of the most successful state exchanges in the country. And, in the weeks and months ahead, they anticipate being a key player in discussions related to the future of Obama Care in California and throughout the nation. President Peter Lee and his staff look forward to sharing lessons they have learned toward that end of informing policy changes nationally.
Covered California wants to reassure consumers with the following:
We are open for business and happy to help you enroll or renew.
Your Covered California coverage is not in jeopardy. We encourage you to renew into your existing plan or shop for a new plan that best fits you and your family. Don’t risk a financial burden in 2017 by not enrolling.
We understand there may be a lot of chatter in the media about the election, but here are three things you need to know:
1. Your coverage will remain intact for 2017 and the foreseeable future.
2. Your financial assistance (subsidies, APTC/CSR, small business tax credits) are protected under the law.
3. The rates for 2017 will not change.
Covered California is focused on what’s important right now, enrolling and renewing consumers into the exchange with government assistance. The Health Insurance Marketplace does not rely on federal funding, it is a self-sustainable state-run exchange. APTC tax credits are dependent on federal funding, but we do not foresee those going away any sooner than 2018. Covered California will keep you informed about any changes in the future.