California Code of Regulations
Title 10 - Investment
Chapter 12 - California Health Benefit Exchange
Article 4 - General Provisions
Section 6466 - Average Statewide Monthly Premium
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) On or before each September 1, Covered California shall publish the average statewide monthly premium for an individual for the following calendar year for a Covered California bronze health insurance plan on its public website.
(b) For purposes of this section, the "average statewide monthly premium" published pursuant to subdivision (a) for the calendar year subsequent to each September 1, means the average statewide bronze premium calculated when determining California's Individual Shared Responsibility Penalty pursuant to section 61015, subdivision (a)(2) of the Revenue and Taxation Code multiplied by the average age rating factor for individuals enrolled in Covered California in the prior calendar year.
(c) For purposes of this section, "average age rating factor" means the age rating curve established by the federal Centers for Medicare and Medicaid Services pursuant to Section 2701(a)(3) of the federal Public Health Service Act (42 U.S.C. Sec. 300gg(a)(3)), weighted by the average age of all enrollees in Covered California qualified health plans in the individual market.
1. New section
filed 4-8-2021 as an emergency; operative 4-8-2021 (Register 2021, No. 15). Pursuant
to Business and Professions Code section
7466(b),
a Certificate of Compliance must be transmitted to OAL by 4-7-2023 or emergency
language will be repealed by operation of law on the following day.
2.
Certificate of Compliance as to 4-8-2022 order, including amendment of Note,
transmitted to OAL 1-26-2023 and filed 2-23-2023; amendments operative 2-23-2022
pursuant to Government Code section
11343.4(b)
(Register 2023, No. 8).
Note: Authority cited: Section 100504, Government Code; and Section 7454, Business and Professions Code. Reference: Section 7454, Business and Professions Code; and Section 61015, Revenue and Taxation Code.
