UNDATED (WSAU-Wheeler News) Wisconsin has the nation's 14th-highest benchmark health insurance premium in the new Obama-care purchasing exchanges scheduled to roll out next week.
The U-S Department of Health-and-Human Services announced premiums yesterday for Wisconsin and the other 35 states where the federal government is at least helping to run the exchanges. Plans are separated into several price categories within plans labeled as Gold, Silver, and Bronze. Those plans differentiate themselves by the percentage of total health costs that each plan one covers, with Gold being the highest.
The government says a 27-year-old Wisconsinite can expect to pay $189-to-$280-dollars a month for the lowest-cost plans. That's before the income-based federal tax subsidies. Families-of-four making $50,000 a year can expect to pay $106-to-$282-dollars a month, after subsidies, for the lowest-cost Bronze and Silver plans. The state's benchmark Silver plan would cost $361, higher than the national average of $328.
People can learn specific rates starting next Tuesday, when they can log onto Healthcare-Dot-Gov to start signing up for the exchanges. Around a half-million non-insured Wisconsinites will be required to get coverage by January first using the exchanges. Because the state had nothing to do with its exchange, officials in Madison are not discussing the rates until people start enrolling next month.