New Changes to Covered California: Expansion of Financial Help, Mandate Reinstated and More
In an effort to reduce the cost of health insurance for consumers and increase enrollment rates throughout the state, the Governor and Legislature enacted initiatives designed to bring quality health care within reach of a larger demographic through Covered California. Though bold, estimates suggest that the new initiatives will save California residents hundreds of millions of dollars in monthly premiums and ensure that middle class individuals have access to financial assistance. It is hoped that by lowering the cost of health care for Californians, small businesses will be able to expand, hire more personnel, buy new equipment and realize their full potential.
A Look at the New Covered California
Californians can anticipate a number of exciting changes for health care in 2020. Below is a brief overview of what you can expect in terms of rates, mandates, financial assistance and more:
In addition to the aforementioned changes, all 11 carriers plan to return to the California health insurance marketplace. The major national carrier, Anthem Blue Cross, also plans to expand, which ensures that all Californians have their choice of at least two carriers, while many will have their choice of three or more.
Open Enrollment Is Almost Here
If you're like many consumers, you may want to know how these changes will translate to cost savings for you and, more importantly, how much you can anticipate to save. When open enrollment 2020 arrives on October 15, 2019, you can begin shopping for coverage. Make sure to contact Sackett & Associates Insurance Services to shop and compare various plans and pricing. You can see if you qualify for financial assistance through the federal government, the state or both.
For more information on the new initiatives and how it will benefit you, reach out to Sackett & Associates Insurance Services. You can also request a free quote for individual and group coverage.