Sunday, July 28, 2013

Multiple States Report Lower Health Care Premiums

Health premiums in Maryland’s exchanges will be “among the lowest of the 12 states that have available proposed or approved rates for comparison,” the state’s exchange — Maryland Health Connection — announced Friday. The news comes just asNew York,Oregon, Montana, California, andLouisiana are also reporting lower than expected premiums. 
In Maryland, a 25-year-old will be able to purchase a plan that is more comprehensive than policies currently available on the individual market for $114 per month, while a middle aged adult will have to pay approximately $260 per month for insurance. A 21-year-old non-smoker can start as low as $93 a month. Officials say they used their authority to deny rate increases to reduce the proposed premiums by “more than 50 percent.” Thirty other states have have similar authority.

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