Pocan on New HHS Report Announcing Increased Choice and Low Rates for Wisconsinites with Affordable Care Act
WASHINGTON, D.C.—Looking for multiple options and low health care costs? According to a new report released today from the Department of Health and Human Services (HHS), that’s exactly what Wisconsinites will get in the Health Insurance Marketplace that was established by the Affordable Care Act. According to the report, Wisconsin consumers will be able to choose from an average of 97 health plans in the Marketplace. A 27-year old in Wisconsin making $25,000 a year will pay as low as $96 per month for health care after tax credits, while a family of four with an income of $50,000 per year could pay as low as $106 per month with tax credits.
Starting on October 1, Wisconsinites have six months to enroll for health care through the Marketplace. Consumers can find out whether they qualify for premium assistance and compare plans side-by-side based on pricing, quality and benefits. You cannot be denied health coverage because of a pre-existing condition.
“The Affordable Care Act is doing exactly what it is supposed to do—provide the people of Wisconsin with health and economic security through increased choice and low prices,” said Pocan. “Through the new law, thousands of Wisconsinites who had lacked access to affordable, quality health insurance now will be able to cover themselves and their families, even if they have a pre-existing condition. Unfortunately, Governor Walker and tea party Republicans in Washington would instead prefer to see this law fail to score political points. But no matter the stunts or obstructionist tactics they unleash, the Affordable Care Act is here to say, and that is a good thing for families all across Wisconsin.”
Nationally, premiums will be about 16 percent lower than originally expected. A majority of enrollees will have a choice between at least two different health insurance companies.
Plans in the Marketplace will be categorized as either “gold,” “silver,” or “bronze.” Young adults will also have the option of purchasing a “catastrophic” plan, increasing their number of choices. In Wisconsin, the average premium for the lowest-cost silver plan will be $344 and for the lowest cost bronze plan will be $287. Both of those numbers are before tax credits. The full report from HHS is available here: http://aspe.hhs.gov/health/reports/2013/MarketplacePremiums/ib_marketplace_premiums.cfm
Pocan encourages Wisconsinites with questions on the Affordable Care Act to contact his office or visit his health care resources page at www.pocan.house.gov/healthcarereform