Changes in cost of monthly health insurance premiums

A while back, I wrote about the need to shop around on the private insurance marketplaces for individuals purchasing insurance for 2015.  Everyone knew that the average price of monthly premiums would change if you purchased the benchmark silver plan for 2014.  If you liked your 2014 plan and don’t care about what the cost might be to renew, your policy automatically renews and you can go on your merry way.  But if you purchased insurance on the exchanges for 2014 and all you care about is price – there would likely be a cheaper plan available in 2015.

More and more information keeps coming out about how much premiums actually changed.  The Kaiser Family Foundation actually broke that information down by county, and their results are rather surprising.  And as they do, KFF made an awesome infographic.

KFF’s infographic illustrates the change in monthly premiums by county, and select cities, from 2014 to 2015 for a 40-year-old person covered by the second-lowest-cost silver “benchmark” plan in the Affordable Care Act’s insurance marketplaces. And, after accounting for tax credits, premiums for a 40-year-old person with an annual income of $30,000 would remain flat in most of the country, as long as the enrollee changed from the 2014 benchmark plan to the plan designated as the benchmark for 2015.  The counties that saw the biggest decreases usually had an increased number of health insurers offer plans between last year and this year.


Now again, this is county level data and does not speak to individuals.  Some individuals will end up having large increases in their premiums despite living in counties where the average premium price decreased or remained flat.  So don’t go and get all mad at me if your rate skyrocketed.


About justgngr

the ramblings of a medical professional by day, judgmental ginger by night
This entry was posted in health policy, politics and tagged , , . Bookmark the permalink.

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