Report: A Look at PPACA Health Insurance Exchange Premiums

Monthly premiums for health plans purchased through the health insurance exchanges will vary widely across the nation, according to a Kaiser Family Foundation report.

The report provides a data table including premiums for the lowest-cost silver and bronze plans in major cities in each of the 50 states and the District of Columbia for a single 40-year-old earning 250 percent of the federal poverty level or $28,725 per year in 2014. The data includes premiums before and after tax subsidies available to help people purchase coverage under the Patient Protection and Affordable Care Act.

Premiums for the second-lowest-cost silver plan before subsidies range from $154 in Minneapolis to $413 in Burlington, Vt. With federal subsidies factored in, that premium drops to $193 in Vermont, although the amount will likely be even lower than listed, since the state provides additional state subsidies. The Minneapolis amount is the same with subsidies factored in.

Premium rates for health plans offered through state exchanges will be more than 16 percent lower than projected, according to HHS. Before factoring in tax credits, the weighted average of the second-lowest-cost silver plan in 48 states is lower than a Congressional Budget Office estimate of $392 per month.

For more information, view the full Kaiser data table here.

More Articles on Health Insurance Premiums:

Few Exchange Options Could Lead to Insurance Rate Increases, Experts Say

HHS: Florida Exchange Shows Significant Choices, Lower-Than-Expected Premiums

Republicans Criticize PPACA for Health Insurance Cost Increases 

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