Health Insurance Marketplace Premiums for 2014
A report released by the Department of Health and Human Services (HHS) found that consumers will see increased competition in the Health Insurance Marketplace. The information is current as of September 18, 2013; as plan data is still under review and may be revised.
The report provides a national overview of the number of coverage options and premiums; broken down by state where available. The report includes data from the 36 states where HHS will support or fully operate the Exchange, as well as, information that is publicly available from 11 states and the District of Columbia that are implementing their own Health Insurance Exchanges.
“We are excited to see that rates in the Marketplace are even lower than originally projected,” said Secretary Sebelius. “In the past, consumers were too often denied or priced-out of quality health insurance options, but thanks to the Affordable Care Act consumers will be able to choose from a number of new coverage options at a price that is affordable.”
According to the report:
- consumers will be able to choose from an average of 53 health plans
- the majority of consumers will have a choice of at least two different health insurance companies
- about one in four of these insurance companies is offering health plans in the individual market for the first time
- premiums nationwide will be around 16 percent lower than originally expected, before taking into account financial assistance
Read the Report HERE