Three things Californians need to know about the new state health care mandate:
- Make sure you have health coverage: Californians must have health insurance beginning January 1, 2020. In general, a taxpayer who fails to secure health insurance will face a penalty when filing their 2020 tax return in 2021.
- Exemptions Available: Most exemptions from the mandate will be claimed when filing 2020 state income tax return in early 2021. Additional exemptions will be granted through Covered California beginning in January 2020.
- Financial Assistance Available: Covered California has financial assistance available for Californians to purchase health insurance.
To find out more about health insurance options and financial assistance, visit CoveredCA.com.
For information about the penalty for not having qualifying coverage, visit FTB.ca.gov.