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Some Covered California Members Will See Increase In Premium Rates

UPDATE 10/13, 11:30 a.m.: President Donald Trump did announce the end of federal cost-sharing reductions for health care exchanges. The impacts to California consumers remain the same. 

Some Covered California members on silver plans will see a 12.4 percent increase in their premium rates this enrollment season. 

Covered California says that without a promise of federal subsidies from the Trump administration, they need to add a surcharge to the silver tier to keep the market stable.

But it won't affect everyone. Consumers who get a federal tax credit for health care won't see much change in what they pay, because their credits will increase alongside the rates. Covered California estimates 22 percent of subsidized customers will pay more than they used to for silver products.

Consumers who don't get the tax credit can shop around to avoid the surcharge.

The silver plan increases are on top of a previously announced 12.5 percent jump for all Covered California products. Open enrollment for the exchange begins November 1st.

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