Summary of Covered California Premiums for 2016
|July 28, 2015||Posted by Lucien Wulsin under Blog, Insurance Exchange News||
Covered California has announced its 2016 premiums. It reports that the over-all increase (weighted average, assuming purchasing patterns are the same as last year) is 4%. The average increase for the lowest priced bronze plans is 3.3%. The increase in premiums for the lowest priced silver plan is 1.5% and the second lowest cost priced silver will cost 1.8% more on average. If customers seek to buy the lowest cost plan, they would save 4.5% on their premiums.