Some ACA health-insurance exchange premium detail made available

| September 25, 2013
Uncertainty on moves in health insurance come 2014 was the biggest trend in Overdrive's summer 2013 polling of owner-operators and drivers.
Uncertainty on moves in health insurance come 2014 and opposition to the ACA in general were among the biggest trends in Overdrive‘s summer 2013 polling of owner-operators and drivers.

Premiums in the federally-run health insurance exchanges created by the Affordable Care Act, which will begin open enrollment next week Tuesday, October 1, show something of a mixed bag in terms of likely hard costs, depending on the state you’re in and your yearly income. Regardless, detail on what some of those premiums will be, from which you may be able to get a better of sense how their current coverage compares, is available in this document from the Department of Health and Human Services.  

Find information on rates in California and New York’s state-run exchanges via this Channel 19 blog post.

Scroll down the doc to find tables with hard monthly-premium data for 27-year-old individuals with different levels of income as well as for a family of four containing a 40-year-old and 38-year-old adult and two covered children (no data was released based on older individuals). The tables break costs down into plans not eligible for subsidies and those with subsidies at certain income levels.

Avik Roy's analysis of 13 state-run exchanges and the District of Columbia showed the "break-even" on subsidies, the
Avik Roy and the Manhattan Institute’s analysis of 13 state-run exchanges and the District of Columbia showed the “break-even” on subsidies — the red bars show the income at which, for individuals, exchange-purchased and subsidized insurance is on average less expensive than pre-ACA insurance available on the individual market. Find more about this analysis here.

HHS trumpets the premiums detailed therein as in general beating cost “expectations,” as commentator Avik Roy detailed on his Forbes blog today. After analyzing the latest release of data from HHS, Roy, whose analysis of the employer-provided healthcare market was discussed in this story from earlier in the year, came to this conclusion in his “bottom line” in this post: “Obamacare makes insurance less affordable,” he writes, particularly for those who purchase their own insurance on the individual market. “For months, we’ve heard about how Obamacare’s trillions in health care subsidies were going to save America from rate shock. It’s not true. If you shop for coverage on your own, you’re likely to see your rates go up, even after accounting for the impact of pre-existing conditions, even after accounting for the impact of subsidies.”

Roy’s speaking on average, however — depending on your situation, and the state where you live, the case may be different. Exchanges open for enrollment October 1 via healthcare.gov, where you’ll be able to price things for comparison to your current situation. 

  • guest

    OTR companies should offer 1st day coverage…if you develop a health issue on the Road…you need help NOW not 90 days from now.

  • JEngdahlJ

    This reading list considers various issues related to the
    affordability of premiums under ACA. http://www.healthcaretownhall.com/?p=6919

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  • M.j. Zuzich

    Kaiser-Permanente has got a really easy calculator up and running that lets you plug in your pertinent info and gives a fairly accurate snap shot of what your premium is subject to be. Just google it.

  • Todd Dills

    Thanks for this link — the issue with the rise in premiums over the “cheapest available insurance” is the ACA’s minimum essential benefits requirements — none of the exchange packages are quite as skimpy as some of the high-deductible catastrophic coverage available on the market today.

  • localnet

    I ran my numbers through the Michigan Exchange website, I went with the Gold plan as it is equivalent to what my wife pays for through her employer. It’s a 50/50 match, she pays roughly $400 a month…

    Now, the Obamacare Gold plan… Me and the wife, it will cost us $2020.80 a month, or $24,249.60 a year! So, where are the “savings”? This is insanity, and will destroy this country. And don’t forget those 27,000 pages of new healthcare regulations just went into effect. You guys honestly think this is better? Shaking head… Oh, how about the doctors? Seems those guys are never in any of the equations.