Government releases prices for marketplace insurance plans - WRBL

Government releases prices for marketplace insurance plans

Posted: Updated:

The federal government released new details Wednesday on what insurance plans for the new online marketplace are expected to cost.

The average premium for the lowest 'bronze' plan in Florida is expected to be $257 per month, with the average price jumping to $304 for the lowest silver plan, according to data released by the Department of Health and Human Services.

Consumers shopping for insurance on the marketplace that launches Oct. 1 will have the choice of four levels of plan – bronze, silver, gold and platinum – with all plans required to cover certain essential benefits including prescription drugs.

The numbers also show how tax credits can lower costs for those who qualify. For example, a Florida family of four with an income of $50,000 would pay a premium of $789 per month for the lowest silver plan before the tax credit, and $282 after the tax credit – a savings of more than $500.

In another example released in the data Wednesday, a 27-year-old from the Tampa Bay area who makes $25,000 per year is could get the lowest bronze plan for $169 before any tax credit or $96 after the credit.

HHS said in a news release Wednesday that the premiums nationwide will be about 16 percent lower than originally expected.

While some numbers were released as part of a report from HHS on Wednesday, Florida consumers still can't see all their choices yet. Florida is one of the states that chose not to operate its own exchange, so individuals will shop on the federally run marketplace.

On healthcare.gov, they can take a survey to see some of the benefits available to them or be linked to a calculator from the Kaiser Family Foundation to see what subsidies they might be able to get. But details of plans and names of the companies providing them haven't been posted to the site yet.

Coverage can begin Jan. 1 but the enrollment period runs through March.

  • 8 On Your SideMore>>

  • TPD homicide detective under federal criminal investigation

    TPD homicide detective under federal criminal investigation

    Tuesday, April 22 2014 6:55 PM EDT2014-04-22 22:55:30 GMT
    Tampa Police Officer Eric Houston, who is working at a crime scene in this file photo, is under federal investigation.Tampa Police Officer Eric Houston, who is working at a crime scene in this file photo, is under federal investigation.
    The feds are investigating one of Tampa Police Department's lead homicide detectives. Officer Eric Houston, who is one of the lead detectives in the Julie Schenecker murder investigation, is under federal criminal investigation. 
    The feds are investigating one of Tampa Police Department's lead homicide detectives. Officer Eric Houston, who is one of the lead detectives in the Julie Schenecker murder investigation, is under federal criminal investigation. 
  • New Port Richey soldier says squatters won't leave his home

    New Port Richey soldier says squatters won't leave his home

    Tuesday, April 22 2014 4:01 AM EDT2014-04-22 08:01:42 GMT
    Soldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photoSoldier & homeowner Michael Sharkey was deployed to Afghanistan two years ago. Facebook photo
     When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
    When soldier Michael Sharkey was deployed to Afghanistan two years ago, he asked a friend to watch over his New Port Richey house. Now, they're fighting to get their house back.
  • Tampa homeowner says Duke Energy is a bully for taking her oak tree

    Tampa homeowner says Duke Energy is a bully for taking her oak tree

    Monday, April 21 2014 5:34 PM EDT2014-04-21 21:34:15 GMT
    Neda Dandache and her family love their backyard oasis, even though a gigantic Duke Energy transmission tower abuts their backyard. Oak trees block that view, for now, and give them shade.The trees have never been an issue, but now, Duke wants them gone. Dandache says Duke's forester told her they may cause a problem - seven years from now."
    Neda Dandache and her family love their backyard oasis, even though a gigantic Duke Energy transmission tower abuts their backyard. Oak trees block that view, for now, and give them shade.The trees have never been an issue, but now, Duke wants them gone. Dandache says Duke's forester told her they may cause a problem - seven years from now."
  • NewsMore>>

  • Michigan man among 1st in US to get 'bionic eye'

    Michigan man among 1st in US to get 'bionic eye'

    Wednesday, April 23 2014 3:29 AM EDT2014-04-23 07:29:56 GMT
    A degenerative eye disease slowly robbed Roger Pontz of his vision.
    A degenerative eye disease slowly robbed Roger Pontz of his vision.
  • SKorea ferry toll hits 150 as search gets tougher

    SKorea ferry toll hits 150 as search gets tougher

    Wednesday, April 23 2014 2:36 AM EDT2014-04-23 06:36:03 GMT
    The grim work of recovering bodies from the submerged South Korea ferry proceeded rapidly Wednesday, with the official death toll reaching 150, though a government official said divers must now rip through cabin...
    The grim work of recovering bodies from the submerged South Korea ferry proceeded rapidly Wednesday, with the official death toll reaching 150, though a government official said divers must now rip through cabin walls to...
  • Australia signals deeper search for Malaysian jet

    Australia signals deeper search for Malaysian jet

    Wednesday, April 23 2014 2:04 AM EDT2014-04-23 06:04:44 GMT
    As the search continued off the coast of Australia for the missing Malaysia Airlines jet on Monday, the airline announced another plane bound for India was forced to make an emergency landing after one of its tires...
    Australia's prime minister said Wednesday that failure to find any clue in the most likely crash site of the missing Malaysia Airlines jet would not spell the end of the search, as officials planned to soon bring in...
  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.