INDIVIDUAL & FAMILY PLANS (IFP) CALIFORNIA
Health Insurance for Individuals & Families
- Individual Family Plans (IFP) is Health Insurance Coverage for single individuals, or families of two and more, who are self-employed, between jobs, unemployed, or retired and not yet eligible for Medicare Health Insurance Benefits.
- Benefits covered on an Individual Plan includes Doctor Office Visits, Prescription Drug Coverage, Labs, MRIs, X-Rays, ER, Urgent Care Center, Ambulance, Hospitalization, PT, and more.
- On an Individual Plan the single member will be subject to reaching one initial amount to cover the deductible, and an additional amount to cover the max-out-of-pocket.
- Deductible amounts vary, depending on the type of coverage chosen.
- Basic coverage options are: Bronze, Silver, Gold and Platinum.
- We Provide Qualified Guidance at No Cost to Our Clients
- Benefits covered on a Family Plan are the same as covered on an Individual Plan.
- The difference is that here the family shares the financial responsibility of reaching the deductible and max-out-of-pocket. And for this reason, it is more cost-effective for a family to be on a one-and-the-same Health Insurance Policy.
- Deductible amounts vary, depending on the type of coverage chosen. Basic coverage options are: Bronze, Silver, Gold and Platinum.
- Children's Dental & Vision are included up until the age of 19.
- Adults would need to buy separate coverage for Dental and Vision.
- We Provide Qualified Guidance at No Cost to Our Clients
NEW CALIFORNIA STATE LAW AS OF JANUARY 1, 2020
EFFECTIVE JANUARY 1, 2020, ALL CALIFORNIA RESIDENTS ARE REQUIRED TO EITHER:
- Obtain and keep qualifying health insurance coverage
- Or request and prove exemption from the requirement to have coverage
- Or be required by law to pay a penalty when filing their state tax return
WHAT IS REQUIRED TO AVOID A PENALTY?
Beginning on January 1, 2020, to avoid a penalty, you must have qualifying health coverage for each month of the year for:
- Yourself
- Your spouse or domestic partner
- Your dependents
Many people may already have qualifying health insurance coverage, for example through:
- Employer-sponsored plans
- Coverage purchased through Covered California or directly from insurers
- Medicare
- Most Medicaid plans
INDIVIDUAL SHARED RESPONSIBILITY PENALTY ESTIMATOR CALCULATOR
The State of California Franchise Tax Board created a Penalty Estimator Calculator, which is a tool for you to estimate the penalty you may owe if you do not have health care coverage. To get an accurate penalty amount you may click the button below here: