You’ll pay more for insurance in 2019, but rate hikes aren’t as bad as this year
In
Insurance premiums will increase an average of 8.7 percent statewide, Covered California announced Thursday. California
Despite concerns about uncertainties of the future of the Affordable Care Act, the 2019 rate increases are less than what consumers experienced this year.
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Consumers will have the same health plans to choose from in 2019. All 11 plans in the state renewed contracts with Covered California. In
People who receive subsidies to offset the cost of premiums will continue to get that help in 2019, which will increase to cover the rate increases, Covered California said. About 88 percent of consumers statewide receive subsidies. In the Valley, about 93 percent qualify for the help.
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The elimination of the penalty is expected to reduce enrollment in the individual insurance market, both through Covered California and plans bought off of the exchange. Covered
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Removing the mandate also could increase premium costs for people who receive insurance through employers, Covered California said. An analysis showed uncompensated care rising by
Enrollment in health plans will begin in October, but people with special qualifying life events, such as loss of employer-sponsored insurance, can enroll year-round.
Consumers can go to the Covered California website to find out if they qualify for subsidies and to check out health plans. Assistance also is available from Covered California call centers at 800-300-1506.
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