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CoveredCA emails me ...
Old 11-12-2014, 08:27 PM   #1
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CoveredCA emails me ...

Says I'm eligible for premium assistance and I probably subscribed to a Bronze plan (in mid Sept for coverage starting in Oct) because it was the lowest but that I should subscribe to a Silver plan.

I don't recall if I entered my income in the application process but I don't understand how they would have concluded that I would be eligible for subsidies.

After FIRE-ing in early September, along with cap gains distributions and dividends to come from my taxable account, my AGI should be well over $100k.

The email looks like boilerplate, that is not addressed specifically to me.

Quote:
You are receiving this notice because you qualify for cost-sharing reductions and are not currently receiving them. To
receive cost-sharing reductions you need to enroll in a Silver plan. It is very important for you to understand the premium
assistance and cost-sharing reductions that are available to you. You cannot apply premium assistance or cost-sharing
reductions to a Minimum Coverage plan.
So I have no idea what my MAGI will be next year. I've set aside some cash and for now, I don't plan to withdraw from my retirement accounts (both taxable and retirement).

I may not withdraw from them next year either but I will obviously have cap gains distributions and dividends going forward, which may or may not result in an MAGI which is over the limit for the subsidies.

Has anyone else gotten a similar email from CoveredCA?
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Old 11-12-2014, 09:01 PM   #2
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Quote:
Originally Posted by explanade View Post
Says I'm eligible for premium assistance and I probably subscribed to a Bronze plan (in mid Sept for coverage starting in Oct) because it was the lowest but that I should subscribe to a Silver plan.



I don't recall if I entered my income in the application process but I don't understand how they would have concluded that I would be eligible for subsidies.



After FIRE-ing in early September, along with cap gains distributions and dividends to come from my taxable account, my AGI should be well over $100k.



The email looks like boilerplate, that is not addressed specifically to me.







So I have no idea what my MAGI will be next year. I've set aside some cash and for now, I don't plan to withdraw from my retirement accounts (both taxable and retirement).



I may not withdraw from them next year either but I will obviously have cap gains distributions and dividends going forward, which may or may not result in an MAGI which is over the limit for the subsidies.



Has anyone else gotten a similar email from CoveredCA?

Yes, I did, earlier today, and I'm still scratching my head.

I just put it into the pile with all the other "wait until the dust settles" paperwork I've received since Nov. 1.
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Old 11-12-2014, 09:36 PM   #3
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We got the same email. Didn't see any rhyme or reason for it to have been sent. All the costs and OOPs for the different plans were clearly laid out when we signed up lat year. Most years we are light users of medical care so the Bronze worked out great for us this year.
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Old 11-12-2014, 10:30 PM   #4
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I haven't gotten mine yet. I had the Bronze plan this year also and was wondering if I should switch to Silver. I need to sit down with it tomorrow....the renew date is coming up.
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Old 11-12-2014, 11:00 PM   #5
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I received a postal mail from Covered CA with all my personal options laid out. I wonder if your email was a phishing attempt?
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Old 11-12-2014, 11:05 PM   #6
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Well there was a link but also phone numbers.
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Old 11-13-2014, 06:30 AM   #7
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The cost sharing they are referring to sounds like the kind that kicks in when you are below 250% of the FPL.
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Old 11-13-2014, 08:46 AM   #8
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The cost sharing they are referring to sounds like the kind that kicks in when you are below 250% of the FPL.

But we're not at that level. We're sticking with our Bronze HSA plan for another year. Like DLDS, we are light users of our plan (for now, knock on wood) and want to keep premiums low while also setting aside funds for later on.

Since we are in a new area and need new doctors, anyway, we thought we might try Kaiser's Bronze HSA plan, but it seems to have dropped off the list of plans for CA for 2015.
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Old 11-13-2014, 09:00 AM   #9
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I got an e mail as well and believe these are promotional e mails sent to all people who visited the ACA site last year but did not sign up for any plan.
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Old 11-13-2014, 09:00 AM   #10
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Quote:
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I received a postal mail from Covered CA with all my personal options laid out. I wonder if your email was a phishing attempt?
That was my first thought upon reading this thread, too.
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Old 11-13-2014, 09:48 AM   #11
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I am an ACA subscriber. I got this notice from coveredca because it is time to renew for next year and the deadline is coming up. Premiums going up by about $50 a month but still a pretty good deal.
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