CHA News

Covered California Releases Regional Data Behind Record-Low 0.8% Rate Change for the Individual Market in 2020

For CEOs, CFOs, Government Relations Leads

This post has been archived and contains information that may be out of date.

Covered California attributes its record-low rate change for 2020 to new state affordability initiatives designed to lower costs and encourage enrollment, according to a press release issued last week. A booklet of plans and rates for 2020 is available here.

According to Covered California, some consumers could actually see decreases in their premiums, while others will see little to no change. These findings come as part of Covered California’s release of regional rate data, which highlight that consumers who are willing to shop around for lower prices could save up to 9% on their premiums. Covered California projects 922,000 people will be eligible for a new subsidy program that lowers the cost of their coverage, including 235,000 middle-income Californians who previously received no federal help.