Premiums for health plans on new state exchanges are comparable to and in some cases lower than those being offered by employers with similar levels of coverage, according to a study released Thursday by PricewaterhouseCooper s Health Research Institute.
BY MICHAEL GIARDINAJANUARY 30, 2014
HRI analyzed the average premium costs for a working population nationally in the public exchanges, and calculated that the median 2014 premium for a plan with coverage similar to that of the average employer-sponsored plan was $5,844. By comparison, the average employer premium for a single worker was $6,119, a difference of 4%. The premiums do not include subsidies.
The ACA allows for consumers to shop on its 51 new state exchanges within four plan levels; these include bronze, which pays 60% of healthcare costs; silver, which covers 70%; gold, which covers 80%; and platinum, which covers 90% of the bill.
Currently, employer-sponsored health plans cover about 85% of healthcare costs, with the remaining costs being charged to employees, the PwC study states.
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