September 25, 2013

The federal government has released the rates for the new healthcare exchanges and the news is good if you are an older healthcare consumer.  Younger consumers should probably plan on paying slightly more than they are accustomed to paying.  In Columbia, South Carolina the lowest cost plan that meets the new requirements under Healthcare Reform is $166.00 which is lot more affordable than many sources had led us to believe it was going to be.

This $166 premium will buy coverage under a bronze plan, which may not provide the level of coverage that you want.  But the choice will be yours whether to buy a more comprehensive coverage at a higher cost.

The Wall Street Journal seems to be the first out with the story and they are behind a pay wall.  So if you don’t have a subscription you won’t be able to read the entire story.  However, they have graciously provided a state by state chart located here under the tab labeled graphics.  This should be the big news story today so more news outlets should have the same information.

Update:

The Washington Post as well as The New York Times quickly follow with their own stories about the cost of plans on the healthcare exchanges.

As always, please feel free to contact Tax On Wheels, LLC at 803 732-4288 if you have additional questions.