Category: Individual Health Insurance

Stuck without insurance? Consider a short-term policy

If you've been following this space, you know that Open Enrollment for 2016 has officially closed. Yes, we're only 2+ months in to 2016, but you can no longer sign up for an individual health insurance policy with an effective date anytime in 2016. The final day to enroll was January 31st. While you can still sign up in some circumstances, chances are you are...

A deeper look at CoveredCA's 2016 rate increase with the California HealthCare Foundation Center for Health Reporting's Emily Bazar

Last month Quotebroker collaborated with Emily Bazar, columnist and senior writer for the California HealthCare Foundation Center for Health Reporting, to look deeper into CoveredCa's 2016 rate adjustment announcement. CoveredCA's focus was on a relatively modest weighted rate increase of only 4.0%.  However, Emily and I dug deeper into the proposed benefit summaries to unearth some important changes that helped CoveredCA keep the 2016 rates in check....

CoveredCA releases new health insurance plan rates for 2016 Open Enrollment period

CoveredCA, California's state-based health insurance exchange, has today released their 2016 rates and carriers.  We're still poring over the details but here are a few quick reactions: Two new carriers will enter the market- UnitedHealthcare and Oscar Health The weighted rate increase is a moderate 4% 2016 increases are less than the corresponding increases for 2015 Plan benefits have been reduced in many facets of coverage...

Benefit Breakdown: Media coverage of CoveredCA rate release buries lede as 2016 plans offer decreased benefits

Yesterday CoveredCA released their 2016 rates and carriers and generally received a favorable reception from media outlets: https://twitter.com/chadterhune/status/625769288054407168 https://twitter.com/healthaccess/status/625730344017203201 ...and from themselves, as well: https://twitter.com/CoveredCA/status/625733572498956288 CoveredCA deserves praise for keeping the weighted average rate increase to a reasonable 4%. However, what the media and CoveredCA themselves miss in their coverage is that the 2016 Standard Benefit Plan Design has changed from the 2015 offering, and...

CoveredCA announces plans, rates and carriers for 2015 health insurance exchange

Late last week CoveredCA, California’s state-based health insurance exchange, announced its 2015 rate increase and carriers via press release on their homepage.  You as the consumer likely have many questions. Is my health insurance rate increasing? Are we getting any new carriers on the CoveredCA exchange? In short, not much will change in 2015. First, the carriers. In 2015, the carriers that will be offered...