Covered California rates announced and they’re on their way up

Covered California - Health Insurance rate increase

Coverage purchased through the state health insurance marketplace will rise by an average of 6 percent. The Covered California rates have been announced for next year, and the cost of coverage will be increasing by an average of 6 percent for 2023. Officials cautioned that coverage could be far more expensive for some if federal aid isn’t renewed by Congress. They cautioned that some consumers could see their premiums as much as doubling if Congress chooses not to renew federal aid. The rate hike announcement represents the largest increase Covered…

Covered California enrollment nearly triples compared to last year

Covered California Enrollment

The state-sponsored health plan sign-ups have sharply spiked over the last three weeks. Covered California enrollment has spiked sharply as more than 58,000 state residents have signed up over the last three weeks. This represents a rise of almost three times the number of people enrolled when compared to the same time in 2019. Officials gave state residents an extension on the sign-up period to help with coverage in the outbreak. The Covered California enrollment period was extended from January to June. The purpose was to make it possible for…

New Covered California enrollment jumps 41 percent

Covered California enrollment - Heartbeat - Hands

State officials credit the new individual mandate to the rise in health insurance exchange use. The new Covered California enrollment figures have risen sharply since the state introduced its new individual mandate and offered residents additional subsidies on top of those already provided through the Affordable Care Act. The state implemented new rules for its residents for this year’s open enrollment period. There were 418,000 new people added to the Covered California enrollment during the 2020 open application period. That represents a tremendous increase of 41 percent over the new…

Covered California health insurance exchange open enrollment begins

covered care open enrollment

This week marked the start of the registration period for people to buy health plans for 2019. Covered California has opened its doors for selling health insurance to state residents who don’t receive benefits through the government or their employers. The insurance exchange is now selling plans for 2019 coverage. The state-run insurance marketplace gives Californians up until December 15 to enroll. Consumers who purchase their plans through Covered California by December 15 will have their coverage in place as of January 1, 2019. That said, there is a second…

Covered California exchange enrollments experience 23 percent spike

Covered California exchange health insurance coverage

The number of new customers registering for their health insurance is considerably higher this year. The Covered California exchange has experienced a notable increase in the number of new customers enrolling this year. When compared to the first two weeks of open enrollment last year, the same period this year experienced an increase of 23 percent. From November 1 through November 14, there were an estimated 48,000 new customers enrolled. Comparatively, the number of people who signed up on the Covered California exchange in 2016 during the first two weeks…