September 25, 2013 – HHS has released a report that summarizes the health plan choices and premiums that will be available in the Health Insurance Marketplace.
This report contains new information, current as of September 18, 2013, on qualified health plans in the 36 states in which the Department of Health and Human Services (HHS) will support or fully run the Health Insurance Marketplace in 2014. Plan data is in final stages but is still under review as of September 18 and may be revised in HHS systems before being displayed for consumers, so this information is subject to change.
This analysis also includes similar information that is publicly available from 11 states and the District of Columbia that are implementing their own Marketplace. This report focuses on the plans with the lowest premiums in each state, as consumers are expected to shop for low-cost plans. Nearly all consumers (about 95%) will have a choice of 2 or more health insurance issuers (often many more) and nearly all consumers (about 95%) live in states with average premiums below earlier estimates. Individuals will have an average of 53 qualified health plan choices in states where HHS will fully or partially run the Marketplace. Premiums before tax credits will be more than 16 percent lower than projected.
PayVision Online is committed to keeping you informed on the many, and often confusing ACA activities. We available at 214-442-5888 to help you understand the ACA and how it will affect your payroll and HR requirements.