CA AB2433

Amends Health and Safety Code Section 1367.008 and Insurance Code Section 10112.295 to define bronze (60%), silver (70%), gold (80%), and platinum (90%) actuarial value levels for nongrandfathered individual health care coverage.

Allows catastrophic health plans to be offered only to individuals under 30 years of age or those with a federal hardship exemption certificate.

Deems an individual to face hardship for purposes of catastrophic plan eligibility if their health insurance coverage or health care service plan contract was canceled between December 1, 2013, and March 31, 2014.

Prohibits carriers not participating in the Exchange from offering catastrophic plans in the individual market.

Takes effect immediately as an urgency statute to ensure individuals whose plans were terminated can access the federal hardship exemption announced December 19, 2013.