Wednesday, September 25, 2013

Silver Obamacare plan costs $328 a month

Silver Obamacare plan costs $328 a month

Gainesville Sun - ‎12 minutes ago‎
MIAMI -- Premiums in Florida for a mid-range health insurance plan under the Affordable Care Act will be $328 a month on average and will vary based on where a buyer lives, according to federal figures released Wednesday ahead of the launch of new ...
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Silver Obamacare plan costs $328 a month

Published: Wednesday, September 25, 2013 at 7:30 p.m.
Last Modified: Wednesday, September 25, 2013 at 7:30 p.m.
MIAMI -- Premiums in Florida for a mid-range health insurance plan under the Affordable Care Act will be $328 a month on average and will vary based on where a buyer lives, according to federal figures released Wednesday ahead of the launch of new health insurance markets next week.
Of the state’s six largest metro areas, premium estimates excluding tax breaks were highest in Orlando and lowest in West Palm Beach and Tampa.
U.S. Department of Health and Human Services officials gave cost estimates based on two scenarios: a 27-year-old and a family of four earning $50,000 a year broken down by region. A premium for a mid-range health insurance plan for a 27-year-old would cost $207 monthly in Orlando but only $167 monthly in the West Palm Beach area.
A family of four with an income of $50,000 a year would pay $816 in premiums for the mid-range health insurance plan in Orlando but only $721 in Tampa. Tax credits, though, help equalize the premiums among Florida’s metro areas.
Individuals making less than roughly $46,000 a year and a four-person family with an income of less than $94,000 a year will qualify for subsidies to offset costs. The liberal advocacy group Families USA estimates 1.7 million Floridians will be eligible for federal subsidies to help purchase insurance under the state exchange. But the amount will vary widely depending on income, location, the plan, family size, age, and even tobacco use.
Once tax credits are included, that same family of four would have a monthly premium of $282 in all Florida metro areas.
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Silver Obamacare plan costs $328 a month

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