Public Exchanges Competitive With Employer-Sponsored Plans

See on Scoop.itDidYouCheckFirst

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.

Greg Russak‘s insight:

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.

See on eba.benefitnews.com

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