Consumers Union Applauds Covered California For Reining in 2015 Health Insurance Rate Requests
Targeted News Service |
"The rates announced by Covered California today represent relatively modest premium increases and some consumers will actually see their rates go down," said
The state's health plan and insurance regulators, the
Unlike most state exchanges,
"While we are very pleased with these rate proposals, health insurance without any subsidy is still a big ticket item for most consumers," said Imholz. Luckily, many Covered California enrollees will pay less for health insurance by getting financial help through federal subsidies that reduce their monthly premiums and other out-of-pocket costs." Nearly 90% of
The proposed rates announced today, once finalized, will affect:
* the more than one million Californians who already purchased insurance through Covered CA for 2014 and are coming up for renewal this Fall; * those applying for coverage from Covered CA starting in 2015; and * those who buy the same individual policies outside Covered CA for 2015 since the law requires companies that sell products in Covered CA to sell them outside at the same premium.
There are currently roughly 4 million consumers in
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