Park City, UT (PRWEB) September 30, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on average rates for Federal Health Insurance Exchanges.
According to Zane Benefits’ website, the federal authorities released sample premium rates for the 36 states who are using either the federally-run health insurance exchange model, or a partnership-based exchange model. While states have been individually coming out with their health insurance exchange rates, the report summarizes the health plan choices and premiums that will be available for the 36 states using the federal Health Insurance Marketplace.
According to the report, the average premium nationally for a Silver-level plan is $328 per month for an individual.
For families, the average premiums vary widely by state. For example, a family of four will have an average monthly premium of $600 in Arizona, $961 in Indiana, $1,069 in Mississippi, $859 in New Hampshire, $943 in New Jersey, and $656 in Utah.
Gary Cohen, the director of the federal Center for Consumer Information and Insurance Oversight, says that consumers in the 36 states using the federal Health Insurance Marketplace will, on average, be able to choose from 53 health plans.
According to the Congressional Budget Office (CBO), 7 million Americans are projected to enroll in a health insurance plan through the individual and small business Health Insurance Marketplaces in the next coming year. Of these 7 million people, 6 million are expected to be eligible for premium tax subsidies.
According to HHS secretary Kathleen Sebelius, “six in 10 Americans who lack insurance will be able to find coverage that costs less than $100 a month.”
Consumers should be aware that there are other important factors to consider when choosing a health plan, and in the end, the plan with the lowest premium may not be the plan with the lowest overall cost for them. Deductibles, out-of-pocket maximums, co-pays, and coinsurance are some other factors that can significantly affect health care costs, and these amounts should be taken into account when choosing a plan.
Click here to read the full article.
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for 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 Zane Benefits, visit http://www.zanebenefits.com.