Following a year that has seen the greatest investment in the Affordable Care Act since the law took effect, Covered California, the state's health care insurance marketplace, today announced its third straight year of minimal premium rate increases.
In fact, earlier this year, virtually all in Covered California saw reductions in their premiums through federal subsidies, which will continue in 2022. Through the American Rescue Plan (ARP), the
In part because of this increased enrollment, unsubsidized Covered California consumers will see a rate increase of just 1.8%, and many could see lower costs by shopping around and changing plans. This is the third straight year with record low rate increases, coinciding with the first state subsidy enhancement, which Health Access helped to spearhead, and now with the enhanced subsidies in the ARP. Combined state and federal affordability assistance means that
"As the pandemic continues, it's never been more urgent to get covered, and with these new federal and state subsidies, it's never been as affordable. Californians should look into getting this comprehensive coverage, which will be capped at no more than 8.5% of their income, with affordability assistance that could be worth hundreds if not thousands of dollars. Even those who don't get subsidies will see minimal rate increases, and could actually also get a lower price by comparison shopping on Covered California," said
Just yesterday, Governor
For those who have seen their income reduced significantly or entirely,
"With the pandemic prolonging, we urge all Californians to get covered. Even if you checked out Covered California before, look again and see the new options and affordability assistance now available. Health care coverage is the best protection for you and your family's health and financial stability as the COVID-19 pandemic rages on," said Wright. "Californians should sign up for coverage and this new affordability assistance--and then join the fight to have