|Image via Gorilla Pig|
Covered California, the agency tasked with constructing and maintaining the Golden State’s insurance marketplace, announced in a press release that rates submitted by 13 insurers for the 2014 individual marketplace ranged from a stunning 29 percent below the current average premium for small business health plans to only two percent above them.
For Californians who will gain coverage in the marketplace, that means affordable health plans with a minimum base of ten “essential health benefits,” including prescription drug services, mental health care, and maternity services.
And the announced rates are even better for consumers considering that they don’t take Obamacare’s federal insurance subsidies into account. Depending on income, the average middle-aged Californian would pay anywhere from $40 to $300 per month for a mid-level “Silver” health plan on the marketplace.
Younger, healthier Americans looking to buy bare-bones “Bronze” health plans would end up paying less than $170 per month — or even nothing at all — if they make less money and receive federal Obamacare subsidies.