On August 1, 2017, Covered California released its proposed rates for 2018. The average statewide rate is set to increase by 12.5% next year; however, the changes vary by plan and region with some plan rates decreasing while others increase. Also factored into the 2018 rates is a 2.8% increase due to the end of the moratorium on the Affordable Care Act’s Health Insurance Provider Fee.
Eleven insurers will offer plans through Covered California in 2018. However, Anthem Blue Cross is withdrawing from 16 of the 19 regions in California and will continue to offer plans in only three regions of the state. Blue Shield, Health Net and Oscar are expanding their reach and product offerings to various regions throughout California. All told, 82% of Covered California consumers will have more than three plans to choose from, 96% will have at least two and 4% will have only one plan option.