Friday, September 11, 2015
CT median insurance premiums often higher on exchange than off
According to an analysis by the US Government
Accountability Office of health insurance premiums, CT consumers paid more
on our exchange than off, for many plan choices both last year and this year. This
is unusual among states; nationally the best deals are usually found on health
insurance exchanges. Median monthly silver-level premiums for a 30-year old CT
resident rose modestly from $305 last year to $307 this year. The report finds
more choices for consumers nationally this year than last. Most US consumers
had six or more plans to choose from across three metal tiers – bronze, silver
and gold. Premiums for the same level plan vary considerably between states,
but also within states by as much as 270%. The report includes CT maximum, minimum
and median monthly premiums for various purchasers for gold, silver and bronze
plans, both on and off the exchange, both 2014 and 2015, as well as the number
of plan/county combinations available on and off the exchange.