California Reintroduces Health Insurance Mandate Enforced by New Tax Penalty

California Reintroduces Health Insurance Mandate Enforced by New Tax Penalty

Governor Newsom reintroduced the tax penalty for not carrying health insurance for 2020. California and a handful of other states have countered to the federal government with their own state-wide tax penalties to enforce the Affordable Care Act’s health...
Covered CA released preliminary 2020 Renewal Rates

Covered CA released preliminary 2020 Renewal Rates

On July 9th, 2019, Covered CA released its preliminary rates for the individual and family market with a weighted average premium increase of 0.8%, a major relief from the 8.4% weighted average premium increases Californians saw from 2015-2019. Furthermore, Covered CA...
Newsom Proposes New Health Insurance Mandate & Tax Penalty

Newsom Proposes New Health Insurance Mandate & Tax Penalty

On Governor Newsom’s first day in office, Newsom proposed reinstating the tax penalty for not having Affordable Care Act-compliant, comprehensive health insurance coverage. The proposal is in response to the recent removal of the federal tax penalty for not...
SB 910 May Ban Short-Term Medical Plans in California

SB 910 May Ban Short-Term Medical Plans in California

With the health insurance tax penalty going away in 2019 for those who do not enroll in Affordable Care Act-compliant health insurance plans, many healthy individuals will be attracted to short-term medical plans as a substitute. Short-term medical plans are designed...
2019 Individual Health Insurance Premiums Set to Rise 8.7%

2019 Individual Health Insurance Premiums Set to Rise 8.7%

 Covered California has just released their 2019 individual market rates increase for the 2019 individual health insurance marketplace. The weighted average rate change will be 8.7 percent.  For a wide part of Los Angeles (Region 16) will follow the 8.6 percent...