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All about Obamacare Plan Costs

In California, as announced on May 23rd, the average cost for a ‘silver’ plan will be about $304.00 per month. This price doesn’t include the tax credit for lower incomes. Covered California, he state based exchange, opens for enrollment in October. Insurers including Blue Cross Blue Shield and Kaiser Permanente will offer up to 13 plans, depending on the region. Covered California also commented that a direct cost comparison is difficult because new plans provide more benefits.

Oregon’s exchange is known as Cover Oregon. The rates for 2014 were made available in early June. The prices and plans are being reviewed to make sure they comply with requirements of the Affordable Care Act. Individual plans will be offered by 12 companies; small group plans by 8. Rates will vary by region within the state. In Eugene using a silver plan for example, rates for an individual, age 21, non-tobacco user, range from $176 to $297. At age 60 these plans range from $477 to as high as $1070.

Only 16 states and the District of Columbia are running their own exchanges; the 34 other states will be the federally run exchange. In Indiana, for example, rates are expected to rise for an individual from $255 in 2012 to $570 in 2014 according to Logan Harrison, chief deputy commissioner with the Indiana Department of Insurance under Republican Gov. Mike Pence. New taxes and fees under the law also contributed, Harrison said.