COVERED CALIFORNIA ANNOUNCES RATES FOR 2015

Average Statewide Rate Increase Kept to 4.2 Percent. Additionally, 90 percent of consumers currently enrolled in health insurance plans through Covered California are receiving federal subsidies to help reduce their overall costs. In most areas of the state, the amount of subsidy that individuals receive will either increase or remain very close to 2014 subsidy amounts. This means that for many consumers, any increase in premium will be offset by an increase in subsidy.

For more details on the plans in specific pricing regions, visit www.CoveredCA.com.
The current list of insurers is for comprehensive individual health policies only. Covered California will later announce adult and family dental options available through Covered California, along with health insurance options for small businesses.

For preliminary estimate of 2015 costs and premium assistance visit http://www.coveredca.com/shopandcompare/2015/.

SACRAMENTO, Calif. — The vast majority of Covered California consumers will see low increases in their health insurance premiums for 2015, and many consumers will see no increase or even a decrease. The statewide weighted average came in at 4.2 percent, with some plans offering weighted average rates that are 8.5 percent lower than current pricing. (The weighted average is a blended rate that considers both the increase or decrease in rate and the number of consumers who will receive that rate change.)

“This is good news for Californians and an example of how Covered California and the Affordable Care Act are working to make health insurance affordable,” said Covered California Executive Director Peter V. Lee. “As we move into our second open enrollment and first renewal for many Californians, we are glad to see consumers have a real choice, with affordable options in all regions.”

Covered California’s role as an “active purchaser” brought in low rate increases while maintaining high quality. Covered California’s team of negotiators actively engaged in vigorous back-and-forth with insurance companies to keep increases at a minimum, deliver networks of doctors and hospitals that meet consumers’ needs and give them meaningful choice when shopping for the plan that is the best fit.

“Health care is regional, it’s local, and it’s personal. This means that the costs and options for each consumer in California are different,” Lee said. “The ‘average’ rate going up only 4.2 percent means that for some it will go up more and for some less, but all consumers now have the ability to shop. Consumers are not locked in to one plan; they can stay with their plan or change and can often find a lower-priced option.”

Covered California selected the following health insurance companies for the 2015 exchange:
· Anthem Blue Cross of California.
· Blue Shield of California.
· Chinese Community Health Plan.
· Health Net.
· Kaiser Permanente.
· L.A. Care Health Plan.
· Molina Healthcare.
· Sharp Health Plan.
· Valley Health Plan.
· Western Health Advantage.

All insurers submitted bids for products that include children’s dental plans, making it convenient and affordable for families to get dental care for their children.
In response to customer feedback, some health insurance plans will offer expanded provider networks so that Californians can choose from a wider selection of doctors.

 

Published by

Michael Grodsky

Michael Grodsky, is owner of Aquarius Insurance Services and Aquarius Financial.

Leave a Reply

Your email address will not be published. Required fields are marked *