Average monthly premiums for individual health insurance plans are 47 percent higher than average when they cover a comprehensive list of eight health benefits, but they also yield lower deductibles, a new industry report reveals.
The report by eHealth, the parent company of eHealthInsurance, is the latest to predict higher premiums for health coverage coming next year when the bulk of the Patient Protection and Affordable Care Act kicks in.
The report examined the cost of about 30,000 individual plans that included eight health benefits and were purchased across 32 states through eHealthInsurance. The benefits include laboratory and X-Ray; emergency services; prescription drugs; chiropractic; maternity; OB/GYN; periodic exams; and well baby care. Similarly, the PPACA created a list of 10 essential health benefits that all major medical health insurance plans must cover at an actuarial value of 60 percent or more in order to fulfill the federal mandate for health coverage, beginning in January 2014.
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