Covered California Expects Low Rate Increases

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 average premium for health plans offered on the exchange will increase an average of 4.2% for the coming year. Executive Director Peter V. Lee said that Covered California’s role as an active purchaser brought in low rate increases while maintaining high quality. Additionally, 90% of enrollees get federal subsidies. In most areas of the state, the subsidy will increase or remain very close to 2014 amounts. For many consumers, any premium increase will be offset by an increase in subsidy. All 10 insurance companies that were in the exchange for 2014 submitted bids to return for 2015. The following portfolio reflects a wide mix of large nonprofit and commercial leaders in the individual health insurance market: • 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. In response to customer feedback, some health insurance plans will offer expanded provider networks. For more information, visitwww.CoveredCA.com/shopandcompare/#calculator.

Last Updated 11/25/2020

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