Covered California has announced that their participating carrier’s plans will have an weighted average increase of 12.5% next year. Also, due to the uneasy footing that Cost-Sharing Reductions are on, there may be an additional surcharge on all Silver-tier plans. If you’re a current Covered California member, you’ll start seeing how much your rate increase will be in on your renewal, which are usually sent out in October.
Each year, it’s becoming more and more important to make sure you’ve got the right plan for your needs and budget. Do you have an agent ready to assess your unique situation for this coming year? If not, contact me for a free consultation.