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Buying extra insurance costs more than half of her monthly income of under $4,200, but Maria would otherwise have to spend roughly $3,600 each month on medical expenses to be eligible for Medi-Cal.
The MCO tax allows California to draw down additional federal money to help fund Medi-Cal, the state’s version of the Medicaid program that provides health insurance for low-income residents.
The California Medical Assistance Program (Medi-Cal) is California's Medicaid program serving low-income families, seniors, persons with disabilities, children in foster care, pregnant women, and childless adults with incomes below 138% of federal poverty level.
Proposition 35 would spell out how the tax on health insurance providers like Anthem Blue Cross and L.A. Care, known as managed care organizations, can be used.
Medi-Cal was created in 1965 by the California Medical Assistance Program a few months after the national legislation was passed. [2] Approximately 15.28 million people were enrolled in Medi-Cal as of September 2022, [3] or about 40% of California's population; in most counties, more than half of eligible residents were enrolled as of 2020. [4]
With 13 million children and adults enrolled, Denti-Cal is the largest state-sponsored dental insurance program; Private contractor that administers Denti-Cal is Delta Dental. In 2016, the State of California awarded Delta Dental a new contract to provide administrative services for the Denti-Cal program, continuing the 42-year relationship [7]
The standard deduction reduces a taxpayer’s taxable income, ensuring that only households with income above certain thresholds will owe income tax. The standard deduction amounts for 2023 are ...
It changes from year to year; the max Social Security taxable income for tax-year 2023 is $162,300, and for 2024 it’s $168,600. ... Short-term capital gains are taxed at your federal income tax ...
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