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Health and Medicine


New health exchanges should lower insurance costs
Uninsured Ohioans will be require to get health insurance by 2014 and new studies show the coverage is affordable for most people
Story by LEWIS WALLACE


 
In The Region:

Two studies out this week estimate the cost of health insurance in 2014 under the Affordable Care Act.

From Ohio Public Radio station WYSO, Lewis Wallace reports prices could go down—for some people.

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Starting in 2014, most Americans will be required to have health insurance--or pay a fine at tax time.

But how much will that actually cost people who aren't covered now?

Well, it’s complicated: insurance prices depend on age, location, and of course what kind of plan you get.

That said, a couple of new studies give some hard numbers

A 40-year-old Ohioan could get a plan on the federal Marketplace for anywhere between $170 and $380 dollars a month.

But that’s before subsidies.

A 40-year-old who makes around $28,000 a year could get a tax credit, and pay as little as $120 a month for a basic plan.

The less your family income is, the more help you’ll get, and there are deeper discounts for older people and children.

The federal health insurance marketplace is set to open enrollment on October 1.



Listener Comments:

Wonderful - I want it, and I want it NOW. Heaven knows the people in the gov. never lie. Prices could go down, for some people, it gets better with every stat.
The federal health insurance marketplace is set to open enrollment on October 1. - if you're one of the evil "rich" never-mind, your cut will come from your check, like Social [in]Security - if you refuse to pay for the[un]AffordableCareAct that may be needed, the cost will probably be taken from your refund; the middle income is in the process of getting demolished anyway, someday in the progressive future it will be more financially viable to quit work and go on social services - have your cake and eat it too. That is until our dictators decide it would be better for us to work/be slaves to the state.


Posted by: wonderful on September 13, 2013 7:09AM
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