Premiums For Key Marketplace Silver Plans Rising An Average Of 7.5 Percent, HHS Says

(By – Mary Agnes Carey and Jordan Rau, Kaiser health News)

Premiums will increase an average of 7.5 percent for the second-lowest-cost silver insurance plan to be offered next year in the 37 states where the federal government operates health marketplaces, according to an analysis by the Department of Health and Human Services.

The HHS report, released late Monday, focuses on the monthly premiums for the second-lowest silver plan, also called the benchmark, which is used by the Internal Revenue Service to calculate tax credits to help pay for the premiums. The credits are available to people with incomes between 100 percent and 400 percent of the federal poverty line ($11,770 to $47,080 for an individual) who purchase coverage on the federal or state-based online marketplaces, or exchanges. Read more…

Kaiser Health News is a nonprofit national health policy news service that is part of the nonpartisan Henry J. Kaiser Family Foundation.

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