Health Insurance Rates For Small California Businesses Now Result In Smaller Premiums

Like other states participating on Obamacare, premiums are lower in California according to the agency running the exchanges.

The agency, Covered California, unveiled its portfolio of policy options for smaller businesses Thursday. They include both health maintenance organizations and preferred provider networks and will be available in all parts of the state as of Jan. 1.

Rates in most of the state’s populous counties are expected to be significantly below premiums now charged by insurers for similar plans. Average premiums for a 40-year-old employee are slated to fall 17% in southern Los Angeles County and 13% in the northern part. Rates for younger and older workers are expected to drop proportionally, Covered California said.

By: MR. RIGHT