Covered California for Small Business
Covered California for Small Business Plan Choices
Covered California for Small Business plans bring a standardized set of benefits, good provider networks, a choice of insurers for employers and their employees, at competitive prices. Employers and employees have a choice of 3 or 4 carriers depending in which of the 19 Pricing Regions they reside.
Four Levels of Plans
Covered California for Small Business offers four levels of health insurance plans — Platinum, Gold, Silver and Bronze. Small-business owners will be able to go online to shop and compare coverage options available for their employees. Certified Covered California insurance agents will assist employers in selecting an “anchor” plan through SHOP’s online marketplace. Employers can choose the coverage level that is the best fit, then select the anchor plan in that coverage level that suits their budget. Their employees can choose coverage under the anchor plan, or a different plan so long as it is in the same coverage level. If the employee chooses a more expensive plan, the employee absorbs the additional cost but still has flexibility and choice.