Access Health enrollees may see subsidies drop in 2015

HARTFORD, Conn. – A healthcare actuary told the Access Health CT Board of Directors Thursday that even if an individual re-enrolls in the same health plan they purchased last year through the exchange they may see an increase in their premiums.

Premiums vary by age, geographic area, family size, and choice of carrier. The amount of subsidy a person receives is based on income. In addition to the changes in the federal poverty level chart, the exchange now has four private insurance carriers and the benchmark plans used to calculate the premium subsidies also have changed.

That means consumers may be paying more on a monthly basis than they did in 2014 because their subsidies from the federal government will be lower even if their income hasn’t changed and they remain on the same plan.

The benchmark plan used in the calculation is the second cheapest silver level plan offered by all of the carriers in the exchange.

See the complete story at CT News Junkie.



Leave a Reply

Recent Comments