Zane Benefits Publishes New Information on Montana Health Insurance Exchange Rates

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Montana released their health insurance exchange rates proposals. Many say that the Montana health insurance exchange rates are lower than expected.

Today, Zane Benefits, the number one online small business health benefits solution, published new information on the Montana health insurance exchange rates.

According to Zane Benefits’ website, recently, the Montana Health Insurance Exchange released proposed rates for individual, family, and small group health insurance plans that will be offered through the new exchange. Montana will operate their exchange through the federally-facilitated exchange, also called the “Marketplace”. However, Montana will maintain oversight of the plan management functions, meaning Montana will manage, process, and approve all plans and rates. The Montana Health Insurance Exchange will open for enrollment on October 1, 2013 with plan coverage starting January 1, 2014.

How will the rates compare to current individual and family rates in Montana?

A recent study conducted by the Montana Commissioner of Securities and Insurance showed that the premium rates for both individual/family and small group policies will be lower than the current market, and lower than many experts expected. An average 40-year-old individual currently pays a premium of, on average, $290 per month. The estimated premium cost for a 40-year-old individual through the Montana Health Insurance Exchange is $273 per month.

These premium rate estimates do not include individual health insurance premium subsidies that eligible individuals may receive from the federal government. Additionally, the actual premium cost will depend on what level plan the policy holder chooses and tobacco use.

As exchange plan rates are being announced across all states, Montana is one of the many states where rates are lower than expected. Individual and family plan rates were generally expected to increase because of the entrance of the unhealthy into the individual market.

Under ObamaCare, all people are guaranteed health insurance and medical underwriting is not allowed. In addition, all products sold in the public health insurance exchanges are required to cover all “essential health benefits,” which include products and services that were not always covered in Montana’s individual health insurance policies prior to the ACA.

Currently, small groups pay, on average, $450 a month per employee for a comprehensive small group plan. The Montana CSI estimates small group coverage in 2014 to be $350 a month per employee through the Montana SHOP exchange.

According to the Montana Insurance Commissioner's Office, Montana received proposals from three insurance companies to offer health insurance plans on the Montana Health Insurance Exchange:

  • Blue Cross Blue Shield of Montana
  • PacificSource
  • Montana Health Co-Op (new)

All Montana Health Insurance Exchange plan rates and carriers will be finalized prior to the opening of the exchange on October 1, 2013.

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About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for Health Reimbursement Arrangements (HRAs) and defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about ZaneHRA, visit

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Christina Merhar
Zane Benefits
800-391-9209 6725
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