Covered California is a state agency, a marketplace, created to help Californians who cannot find affordable health insurance through their job or a public program. This new health insurance marketplace makes available private insurance companies and affordable rates. Covered California will make it simple and more affordable for Californians to get health insurance. Financial assistance will be in the form of premium assistance, cost-sharing assistance, or Medi-Cal.
Premium Assistance: Federal help to reduce monthly health insurance payments.
Cost-sharing Assistance: Subsidies to reduce the amount of expense at the time of medical care.
Medi-Cal: Free or low cost health coverage for those who qualify.
* Descriptions are condensed statements taken from the Covered California website