Rates Are Up Again, But Less Than Last Year For Businesses on Covered CA

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Rates Are Up Again, But Less Than Last Year For Businesses on Covered CA

Sep, 20th 2016

Covered California announced today the rates and expansion plans for its small group health insurance exchange, Covered California for Small Business. The statewide weighted average rate increase is 5.9 percent, for employers and their employees beginning Jan. 1, 2017, which is down from the 7.2 percent increase in 2016.

“Covered California is building competitive insurance marketplaces that work for both individuals and for California’s small business market, bringing choice, stability and rate moderation to employers, their employees and the many consumers who don’t have employer-based coverage,” said Covered California Executive Director Peter V. Lee. “The options and rates announced today demonstrate that the marketplaces are working to keep insurance premiums under control, and they are giving consumers more choices than ever.”

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