Covered California unveils biggest increase in premiums since 2018 — How it will affect you

PREMIUMS FOR HEALTH insurance sold through the state marketplace will increase by nearly 10 percent next year, the highest rate hike since 2018, Covered California officials announced Tuesday.

The projected 9.6 percent hike is the result of a “complicated time for health care,” Covered California Executive Director Jessica Altman said during a media briefing, but many Californians will be shielded from the increases as a result of federal and state financial assistance.