For millions, insurance will cost less than $100/month Kelly Kennedy, USA TODAY 11 hours ago Facebook Twitter Google Plus more J. Scott Applewhite, AP HHS Secretary Kathleen Sebelius WASHINGTON — About 6.4 million Americans eligible to buy insurance through the new health exchanges will pay $100 or less a month in premiums because of tax subsidies, according to a Department of Health and Human Services report to be released Tuesday and obtained by USA TODAY. The report by the HHS office for planning and evaluation said the lower premiums would primarily apply to insurance customers who buy what are called "silver" plans on the exchanges that open Oct. 1. "The health care law is making health insurance more affordable," said HHS Secretary Kathleen Sebelius. "With more than half of all uninsured Americans able to get coverage at $100 or less, the health care law is delivering the quality, affordable coverage people are looking for." The 2010 health care law, also called the Affordable Care Act, requires Americans without health insurance from their employers, Medicare or Medicaid to buy insurance through websites called exchanges that were created for each state. The law also allowed states to expand coverage under Medicaid, the federal-state program for low-income Americans. Subsidies are available to Americans who make less than 400% of the poverty level, or $94,200 for a family of four. The rates were based on people buying silver plans through the exchanges, or the second-lowest-cost plan through the exchanges. Researchers looked at Census data to estimate costs.
Posted on: Wed, 18 Sep 2013 02:30:09 +0000
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