YOUNG CONSUMERS across the country will face rates lower than early forecasts, but still much higher than they might be used to.
New federal regulations require carriers to price coverage equally regardless of medical history or gender and will offer more generous coverage and more benefits than plans do today. Compare insurance premiums for the lowest-cost 'bronze' plan for a 27-year-old single person with the current lowest-cost option for a man in a metro area in 36 states where the federal government will oversee exchanges. Some people may be eligible for subsidies towards the cost of coverage.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
