Article archive / October 1, 2013
Originally published: . Volume 5, No. 2. Source pages: 12.
The Department of Health and Human Services released what it views as the costs of the new plans, issued last week from the ASPE Office of Health Policy.
According to the report, a 27-year old Louisiana resident will pay $175 per month for the lowest cost Bronze plan, $235 for the lowest Siver plan, and $253 for the lowest Gold plan.
For an 27-year old with an income of $25,000, tax credits should apply. The report gives an example of the lowest cost Bronze plan, after tax credit, will be $71 per month.
A family of four with an income of $50,000 will pay $15 per month for the lowest cost Bronze plan after the tax credit.
The tax credits will be available for those between 100% and 400% of the poverty level.
Each state is different based on economic conditions and number of insurance companies providing the plans.
For Louisiana, the weighted average cost of the lowest cost Silver plan is $356 per month. And the lowest cost Bronze plan is $265 per month, according to the report.
For comparisons, the premiums in Mississippi for these two types of plans are $403 and $342. In Arkansas they are $351 and $275. And in Minnesota they are $192 and $144.
This article is part of a historical newspaper archive. Read the original issue for its original layout, photographs and graphics.