New Yorkers to see 50% drop in health insurance costs in Obamacare exchange
New York state residents will be able to get health insurance next year on the Obamacare exchange for half the average price available in the state today.
The cost of a "silver" plan -- which covers at least 70% of medical costs, on average -- will drop to as little as $359 a month for a single adult Manhattan resident, for instance, according to a rate sheet released Wednesday by state officials. Currently, the cheapest plan a city resident can buy on the individual market is $1,001.
Costs vary throughout the state. In Rochester, for example, a similar "silver" Obamacare plan can be had for as little as $276 per month.
Some 17 insurers will offer coverage, which will come in four tiers: bronze (the lowest and cheapest tier), silver, gold and platinum (the most expensive). Each plan will have a standard set of benefits, allowing people to choose between insurers based on price, officials said.
Those prices can vary widely within regions. In Albany, for instance, the Freelancers Co-Op will sell silver coverage through the exchange for $300 per month for a single adult. A silver plan from HealthNow New York would cost $525.
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New York state residents will be able to get health insurance next year on the Obamacare exchange for half the average price available in the state today.
The cost of a "silver" plan -- which covers at least 70% of medical costs, on average -- will drop to as little as $359 a month for a single adult Manhattan resident, for instance, according to a rate sheet released Wednesday by state officials. Currently, the cheapest plan a city resident can buy on the individual market is $1,001.
Costs vary throughout the state. In Rochester, for example, a similar "silver" Obamacare plan can be had for as little as $276 per month.
Some 17 insurers will offer coverage, which will come in four tiers: bronze (the lowest and cheapest tier), silver, gold and platinum (the most expensive). Each plan will have a standard set of benefits, allowing people to choose between insurers based on price, officials said.
Those prices can vary widely within regions. In Albany, for instance, the Freelancers Co-Op will sell silver coverage through the exchange for $300 per month for a single adult. A silver plan from HealthNow New York would cost $525.
*snip*
