2 months, 1 week ago Chicago Tribune
However, exact data on the available plans has not been released
From Chicago Tribune:
Illinois residents will pay slightly less than the national average for health insurance offered under President Barack Obama's health care law, according to rates released Tuesday by state and federal officials.
The snapshot provides an early yet incomplete look at how much consumers might pay in premiums and comes a week before the launch of new insurance exchanges, the online marketplaces in which individuals, families and small businesses can compare and buy coverage, often with the help of federal tax credits.
While state and federal officials released broad details on how much those plans might cost in certain areas, they did not release exact figures for each of the 165 health plans being sold in Illinois, explaining that rates will not be final until Tuesday. They also did not reveal the specific copays and deductibles that most consumers will face when they see a doctor, visit an emergency room or undergo surgery.
According to state and federal data:
•A single 30-year-old who lives in Cook County and has annual income of $23,000 will be able to buy coverage for as little as $69 a month next year with the help of $67 in federal tax credits.
•A Cook County couple, both age 55 and with household income of $40,000, can buy health insurance for $70 a month after a $463 tax credit. If that same couple lived in Peoria, their monthly premium would be free.
•A family of four in Illinois with household income of $50,000 will be able to buy coverage for $84 a month after a $400 tax credit.
The health care law established four broad categories of coverage — platinum, gold, silver and bronze — where premiums vary based on the amount of out-of-pocket health care expenses consumers are required to pay.
The above rates are based on a bronze plan, the least expensive, which requires policyholders to cover 40 percent of the cost of their health care. A platinum plan has much higher monthly premiums, but the patient share is only 10 percent.
Illinois insurance officials expect most consumers to choose plans in either the silver or bronze category.