Covered California or Obama Care California, as it is sometimes known, is the biggest state public health insurance exchange and will be having dramatic price increases for California.
The next enrollment period begins November 1, 2016 and runs until January. 31, 2017.
The average cost of buying a health insurance policy through Covered California (Obama Care California) will increase by about 13.2%compared with about 4% in each of the last two years, according to the exchange.
What is great news though, is that there still will be premium assistance from the government. Explained, the insurance premium increase for many of the 1.4 million California consumers that buy coverage online through the exchange will be less because of a tax credit from the government that subsidizes monthly premiums.
According to Covered California officials, about 90% of its users, or 1.26 million consumers, receive assistance through a governmental subsidy that pays for about 77% of the user’s average monthly premium.
For the upcoming 2017 enrollment period, Covered California will offer coverage from 11 carriers: Anthem Blue Cross of California, Blue Shield of California, Chinese Community Health Plan, Health Net, Kaiser Permanente, L.A. Care Health Plan, Molina Healthcare, Oscar Health Plan of California, Sharp Health Plan, Valley Health Plan and Western Health Advantage. According to Covered California, 4 health insurance carriers, Blue Shield, Anthem Blue Criss, Kaiser Permanente and Health Net—account for about 90% of policies that are bought on the exchange,
If you would like to apply for Covered California (Obama Care California), please complete the online application and a certified enrollment specialist / agent will contact you within 8 business hours to assist and complete the enrollment process and answer any questions that you may have.