Let’s start with a validation: over the past decade, health insurance premiums have risen so much it’s downright scary. It’s not your imagination.
Before Obamacare, AKA the Affordable Care Act (ACA), any combination of factors might have affected the cost of your health insurance, but even though the number of factors that impact what you end up paying has gone way down, premiums mostly haven’t. A study looking at how health insurance premiums vary based on these new factors shows the average cost of health insurance post-Obamacare by state, and how it’s changed (or not).
Besides what state you happen to live in, another way the average cost of your health insurance is determined is by metal tier. Think Olympic races: health insurance plans are separated into different metal tiers based on how many winning qualities your plan has going for it. For example, bronze plans cover the smallest proportion and have the highest deductibles, copays and coinsurance. While all the way at the other end of the spectrum, platinum plans can cover up to 90% of, well, everything.
When the Affordable Care Act hit, the idea was that it would be affordable. But chances are, you quickly found out different. Yes, the legislation made insurance companies change their tune and start accepting anyone, regardless of pre-existing conditions. Yes, it meant the start of generous subsidies that made it more worthwhile for people to buy into personal policies. But it was never really affordable, was it? The road to Affordable Care was paved with good intentions, and yet the way that care has been distributed has been less than golden, in spite of those shiny metal tier categories. You should not be left wondering what’s going to become of you and yours because you can’t for the life of you figure out your options or because you somehow missed the latest memo about changes to your plan.
The fact is, few things have confusedmore Americans overthe past six years asACA. Consider BuyHealthInsurance.com your healthcare tour guide. We’re here to show you around, and make life-altering recommendations that improve your experience of healthcare and healing. We’ll stop the bus at any time if you want to take a closer look. Or if you just need a bathroom break.