CHA News Article

Covered California Launches Open Enrollment With New Subsidies, Individual Mandate
For CEOs, CFOs, government relations staff

On Oct. 15, Covered California launched open enrollment for the 2020 coverage year, with restoration of the individual mandate and the new state subsidy program for middle-income Californians who previously did not qualify for financial help because their income exceeded federal limits.

According to Covered California, the new state subsidies will give almost 1 million people more help with their premiums. The subsidies and the mandate together are key elements for a record-low 0.8% average premium increase for the upcoming year.

In addition, a Covered California analysis found that 75% of existing consumers will be able to reduce their coverage cost and receive the same level of benefits if they switch to the lowest-cost plan in the same metal tier.

A new state law extends open enrollment through Jan. 31, 2020. Consumers who sign up by Dec. 15 will have coverage starting Jan. 1.

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