Affordable Health Insurance for CSU Students and their Families

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1 Affordable Health Insurance for CSU Students and their Families

2 What is Covered CA? A new online marketplace to find affordable health insurance options under the Affordable Care Act (ACA).

3 New Options for Getting Health Insurance Option 1: Medi-Cal Program FREE State-run program for low-income individuals and families Now open to families and adults without children FREE coverage for those who qualify! Note: Eligibility is based on income relative to the Federal Poverty Level (FPL). Individuals and families making up to 138% FPL may be eligible for Medi-Cal. According to 2013 Federal Poverty Guidelines, FPL is $11,490 for an individual and $23,550 for a family of 4 (

4 New Options for Getting Health Insurance Option 2: Covered CA Online marketplace to purchase private insurance Financial assistance, also known as a subsidy, is available to many middle and lower income individuals The lower the income, the more the subsidy Note: Eligibility is based on income relative to the Federal Poverty Level (FPL). Individuals and families making up to 138% FPL may be eligible for Medi-Cal. According to 2013 Federal Poverty Guidelines, FPL is $11,490 for an individual and $23,550 for a family of 4 (

5 New Consumer Protection No denial for preexisting conditions No questions about health history Free preventive services Stay on or be added to parents plan until age 26 HEALTH CARE REFORM

6 Photo from Flickr: You re Young & Healthy Why Do You Need Insurance?

7 Things Happen Active lives include the risk of injury:» 1 day in a hospital in Los Angeles County averages $4,500*» An emergency room visit can cost $3,000 or more**» You may need reproductive or specialty care * Helfand, D. Los Angeles Times. March 6, Retrieved from: business/la-fihospital-cost ** Kliff, S. The Washington Post. March 2, Retrieved from: 02/an-average-er-visit-costs-more-than-an-average-months-rent/

8 Things Happen Health insurance will protect you and your family from high medical bills and debt

9 What Will Health Insurance Cover?» Primary and specialty care» Free preventive care» Hospital care» Prescription drugs» And much more

10 What Will Health Insurance Cover? Insurance helps keep you healthy and protects you against the unexpected!

11 How Much Will Health Insurance Cost Through Covered California? Probably less than you think! Depending on your income, monthly premiums can be as low as $26 per month less than many common expenses: Monthly cell bill 1 tank of gas 2 movie tickets & popcorn

12 How Much Will Health Insurance Cost Through Covered California? Example 1: 21-year-old CSU student Income: $18,000/year Cost per month: $166* Government pays: - $140 Student pays: $26 *Costs are estimates, Los Angeles zip code

13 How Much Will Health Insurance Cost Through Covered California? Example 2: Family of 4, ages 46, 44, 22, and 19 Income: $45,000/year Cost per month: $750* Government pays: - $703 Family pays: $47 for all 4 family members *Costs are estimates, Los Angeles zip code

14 New Requirement to Have Insurance Coverage The Affordable Care Act requires that nearly all U.S. citizens have health insurance coverage.

15 A CSU No-Brainer: Why Pay the Fine?» Most Americans will have to be insured or pay a fine» For many CSU students and families the fine may cost more than insurance

16 Penalties* for Individuals 18 & Over In and Beyond $325 or 2% of annual income $695 or 2.5% of annual income *Penalty is greater of fixed dollar amount or percent of income. Source: Covered California,

17 Take Home Messages Health insurance can help you and your family stay healthy and avoid health care costs. It may be much less expensive than you think, or even free! Be sure to talk to your family about health insurance and getting affordable coverage.

18 Join the Club About 250,000 CSU students and family members have already signed up for Medi-Cal or Covered CA. Join them!

19 Get More Information Please us if you have any questions about Covered California and the options available to you. ing is NOT a commitment to enroll. Open enrollment for Covered California: November 15 th through February 15 th

20 Learn More CSU Health Insurance Education Project: Or visit: Or follow us on

21 Thank you! We hope to talk with you again.