With its open-enrollment period concluded as of Friday, Feb. 9, Covered California officials announced that a record number of Californians have selected health plans for 2024.
As of Jan. 31, there were 1,784,653 Californians who have chosen a health plan through Covered California for 2024, with 306,382 new enrollees and 1,478,271 renewing their coverage. The total surpasses the previous high set in 2022.
The increased federal subsidies through the Inflation Reduction Act paired with California’s new cost-sharing reduction program for 2024 helped create the highest number of new sign-ups during an open-enrollment period since 2020. Consumers had until midnight on Feb. 9 to enroll in coverage that would be effective as of Feb. 1.
“The high demand for Covered California shows that the increased financial help for 2024 is making health care coverage more attainable and affordable for more Californians,” said Executive Director Jessica Altman.
Covered California is the state’s health insurance marketplace, where Californians can find affordable, high-quality insurance from top insurance companies. Covered California is the only place where individuals who qualify can get financial assistance on a sliding scale to reduce premium costs. Consumers can then compare health insurance plans and choose the plan that works best for their health needs and budget. Depending on their income, some consumers may qualify for the low-cost or no-cost Medi-Cal program.
Covered California is an independent part of the state government whose job is to make the health insurance marketplace work for California’s consumers. It is overseen by a five-member board appointed by the governor and the Legislature. For more information about Covered California, visit www.CoveredCA.com.