Insurance premiums for health plans on Covered California’s small business exchange will rise 5.6 percent in 2018, Covered California announced Thursday. Nearly 36,000 Californians receive health insurance through the small business exchange, where companies with 100 or fewer employees can purchase health plans for their workers. The small business exchange is not as widely used as Covered California’s more well-known exchange for individuals, through which 1.2 million people buy health insurance. Premium rates for the individual exchange are slated to rise 12.5 percent in 2018.
NYS Entity Status
NYS Filing Date
JUNE 06, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2014 - MED PLAN HX LLC
2014 - MED PLAN HEALTH EXCHANGE LLC
Around the Web
- Health premiums to rise 5.6% on Covered California’s small business exchange
By Catherine Ho - Thursday Sep 7, 2017
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By REED ABELSON - Wednesday Jun 21, 2017
Anthem, a major player in the Obamacare exchanges, announced that it would withdraw from Wisconsin and Indiana next year, along with Ohio.
- Health Insurers Make Final Call on ACA Plans
Wednesday Sep 27, 2017
Health insurers make their final decisions Wednesday on where to offer Affordable Care Act plans next year, and so far there are few signs of a major last-minute exodus from the health law’s exchanges, despite companies’ nervousness about their future.
- Health Insurers See New Uncertainty After GOP Bill's Collapse
Tuesday Jul 18, 2017
The apparent collapse of Republican efforts to replace the Affordable Care Act creates a new wave of uncertainty for the health-care industry, particularly for insurers offering plans to consumers on the law’s exchanges.
- Major Health Insurers Anticipated End of Subsidies
Saturday Oct 14, 2017
Several major insurers said they intend to provide health plans on the Affordable Care Act’s exchanges for the rest of this year and for 2018, despite a financial blow from President Donald Trump’s cancellation of federal cost-sharing payments.
- Anthem’s retreat leaves Californians with fewer choices, more worries
By Pauline Bartolone, Anna Gorman and Chad Terhune - Friday Aug 4, 2017
Daitchman and his wife, who own a graphic design business in Santa Cruz County, each pay $350 a month for a health insurance plan from Anthem Blue Cross on the Covered California exchange.[...] Anthem announced this week that it will pull out of most of the state’s individual markets, including most of the Bay Area, citing the uncertainty swirling around the Affordable Care Act.[...] there’s the possibility that a new insurer will charge more for coverage.[...] he has kidney disease.The move by Anthem, the nation’s second-largest health insurer, means about 153,000 Californians like Daitchman, who buy insurance on the California exchange, must look for new plans for 2018.[...] its share of the market has dwindled to 19 percent, state officials said Tuesday, and that could plummet to single digits next year as exchange policies are canceled.Anthem had long sold policies across the state, from large markets such as Los Angeles to rural, mountainous counties like Inyo and Mono, which often had few insurers to choose from.In an email, company spokesman Tony Felts explained that planning and pricing affordable health plans “has become increasingly difficult” amid uncertainty about such things as the availability of cost-sharing subsidies for low-income marketplace enrollees.[...] the retreat does not touch the company’s other insurance customers, such as people with Medi-Cal, Medicare or plans through an employer.Ana Gupte, a health care analyst at Leerink Partners, said these “surgical extractions” minimize the risk that potential losses from exchange plans drag down profit.Kathy Hempstead, director of health coverage issues at the Robert Wood Johnson Foundation, said even well-functioning state exchanges like California’s are not immune from the contentious debate over the federal health law.Covered California Executive Director Peter Lee said the state exchange “played a very active role” in encouraging Anthem to stay in three of California’s 19 insurance regions.Robert Laszewski, a Virginia health care consultant, said Anthem is turning its back on longtime customers in California and other key states, despite making repeated commitments to regulators over the years about its staying power.