CoveredCA, the California state health insurance exchange, has released today the names of the health insurance carriers that will be contributing to their health care marketplace when the program goes live on January 1, 2014. In all, thirteen carriers will participate in this marketplace, including:
• Alameda Alliance for Health
• Anthem Blue Cross of California
• Blue Shield of California
• Chinese Community Health Plan
• Contra Costa Health Services
• Health Net
• Kaiser Permanente
• L.A. Care Health Plan
• Molina Healthcare
• Sharp Health Plan
• Valley Health Plan
• Ventura County Health Care Plan
• Western Health Advantage
Notable carriers NOT participating in the marketplace include Aetna, Cigna, and United Healthcare. CoveredCA also released sample pricing and plan designs comparing their plans to the cost of a comparable small group plan existing in the market today. Their analysis shows rates staying stable, with pricing for a single 40 year old ranging from as much as 29% less expensive to 2% more expensive, depending on county. This pricing is WITHOUT including any subsidy that you may be entitled to to help you pay for the coverage. Your portion of the premium may end up even less, depending on your income.
The initial news seems good, but we at Quotebroker would prefer a rigorous examination of all rates in all areas for all areas to get the full picture of what health insurance rates are going to look like through CoveredCA in 2014. You can look forward to just that at Quotebroker.com in the coming weeks and months as more information is dissemenated from the carriers and the CoveredCA marketplace itself. Check back frequently for updates on the California insurance marketplace, both inside the CoveredCA exchange and out.