2013
The premiums for the new health insurance exchange plans are rolling in. Good thing too since there are only a few weeks before they will be needed to start enrollment. Forbes and the Manhattan Institute have developed a tracking map on a state by state basis showing the premiums in the exchange compared with current individual plans.
Some rates are lower in the exchanges; many are higher. A good example is New York where exchange rates are 29% lower mainly because New York previously required open enrollment without regard to pre-existing conditions thereby driving up premiums. With the exchange insurers are betting on a larger pool of people and hopefully less adverse selection. This is why a robust enrollment in the exchanges is so critical.
Check out your state here (not all states have reported premiums at this point)
Related articles
- Who is eligible for a subsidy for insurance in a health insurance exchange? (quinnscommentary.com)
- If it sounds too good to be true… the math and logic behind insurance exchange premiums (quinnscommentary.com)
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