Question: How do i find out how much my insurance premium will be with get covered.ca?
Answer: The final premiums will not be known for a couple months. However if your income makes you eligible for a subsidy, your premium can be calculated now regardless of the final premiums. That’s because your portion of the premium is a fixed percentage of your income. For example, a single person whose modified adjusted income (MAGI) is $20,000 per year would pay no more than 6.3%of their income annually, that is $1,260 annually or $105 monthly. The rest of the premium will be made up by an advanced tax credit (subsidy).