CHA News Article

Covered California Highlights Results of Fifth Open Enrollment Period

Covered California today issued the attached news release reflecting data from its fifth open enrollment period. Overall, enrollment increased 3 percent over last year, with 423,484 consumers selecting plans; more than 50,000 consumers selected plans in the final three days of open enrollment. Since its inception in 2014, Covered California has served more than 3.4 million consumers. During the most recent open enrollment, 15 percent of new consumers selected a Gold plan — over three times as many as last year. While Gold plans generally have higher premiums, they were a better value for consumers this year because the premium was lower due to the cost-sharing reduction surcharge added only to Silver plans.

Covered California also released analysis of the premium changes for both subsidized and unsubsidized consumers over the past four years. According to Covered California, the data confirm that for 85 percent of Covered California enrollees who receive subsidies the cost of coverage dropped 11 percent in 2018, for an average monthly cost of $116. At the same time, the data find that for unsubsidized consumers buying either through Covered California or directly from the same carriers in the individual market premiums increased at an average annual rate of 7.2 percent.

Covered California’s announcement coincides with new data released today by the National Academy for State Health Policy, showing that state-based marketplaces’ enrollment outpaced that of the federally facilitated marketplace.