(KGTV) – Covered California, the state’s health care exchange, said Tuesday it is raising premiums an average of 12.5 percent for 2018.
Covered California officials said consumers can limit the rate change to 3.3 percent if they switch to the lowest-cost plan in the same metal tier.
All 11 health insurance companies will return to the marketplace next year, officials said. However, Anthem will leave some markets in the exchange that account for half of its enrollment, including San Diego County, according to Covered California officials.
“Covered California remains robust and strong, and we are pleased to welcome back all 11 plans to compete in regions across the state,” said Covered California Executive Director Peter V. Lee. “While there is ongoing uncertainty and a lack of clarity at the federal level, consumers who need affordable health insurance will continue to have good choices in Covered California next year.”
The announcement happened during a time of uncertainty on the federal level for Obama’s Affordable Care Act.
For more information about premiums, visit Covered California.