In the absence of a federal commitment to continue funding cost-sharing reduction (CSR) reimbursements through the upcoming year, Covered California health insurance companies will add a surcharge to Silver-tier products in 2018. However, because the surcharge will only be applied to Silver-tier plans, nearly four out of five consumers will see their premiums stay the same or decrease, since the amount of financial help they receive will also rise. Those who do not get financial help will not have to pay a surcharge.
Health Net has filed new small group health insurance premium rates for 2017 with the California Department of Insurance. In the filed rates, Health Net is proposing an average expected annual increase of 15% to their PPO and EPO plans.
Effective July 1, 2016, Anthem will implement an average rate reduction of 3.63%* for existing business on all Anthem Blue Cross Life and Health Insurance Company (CDI) grandfathered medical plans with an April 1, 2016 effective date. The new lower rates will be effective July 1, 2016 and forward; there will be no retroactive rate change. Click here for a copy of the Grandfathered Rate Sheet and sample member letter. This mailing will go out by the end of May.