Oregon’s health insurance exchange is being set up in response to federal health reforms. Called Cover Oregon, it will allow consumers and small businesses to shop between plans and qualify for tax credits. Currently, to sell on the exchange, insurers must submit plans to the Oregon Insurance Division to be reviewed for compliance with state and federal law.
Video: Health care premiums
How Will Age and Gender Affect Your Health Insurance Premiums in 2014?
Moreover, the typical 63 year old was not paying 4 times as much as the 23 year old in any of these states. The most expensive state for the average 63-year was Delaware, where his premium would be 382% higher. And Delaware is an outlier. Nationally the difference in premiums between applicants age 63 and applicants age 23 averaged just 260%, making it unlikely that the ACA’s 300% limit on age-adjusted premiums will be a factor that drives younger Americans premiums skiy-high.
Sebelius: Insurance Exchanges ‘On Track;’ Premiums Could Rise For Higher
The Associated Press: Upper-Income Seniors’ Medicare Hike President Barack Obama’s plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the government from the top tiers of retirees, the administration revealed Friday. First details of the plan emerged after Health and Human Services Secretary Kathleen Sebelius testified to Congress on the president’s budget …. Currently, single beneficiaries making more than $85,000 a year and couples earning more than $170,000 pay higher premiums. Obama’s plan would raise the premiums themselves and also freeze adjustments for inflation until 1 in 4 Medicare recipients were paying the higher charges. Right now, the higher monthly charges hit only about 1 in 20 Medicare recipients (Alonso-Zaldivar, 4/12).
Yes, Health Insurance Premiums Will Rise Under ObamaCare
Large employers are likely to be affected the least by the law. Instead, the biggest hikes are likely to hit individuals and small businesses. And in some cases, premiums will be quite a bit higher after the law’s major provisions kick in. The Journal reports that a Blue Cross & Blue Shield representative told North Carolina insurance brokers last week that individual premiums could rise by 40 to 50 percent next year.
Number of people covered by employer
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Don’t Get Sick: Obama’s Health Insurance Premiums are Going Through the Roof
Perhaps the severest impact will be among employers who can’t afford Obama’s higher health insurance prices. Last year, a Congressional Budget Office and the Joint Committee on Taxation report suggested that about three to five million fewer people each year will be able to obtain employer-provided health insurance in the years to come.
Fewer Illinoisans get health insurance at work
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Nearly 2.6 million Texans to qualify for tax credits to pay insurance premiums under Obama plan
However, Texas Gov. Rick Perry has vowed that he will not expand the insurance program for the poor out of concern that the state cannot afford it. The federal government has pledged $101.1 billion in matching money for the first 10 years of the expanded program. To bring in that money, the state would have to put up $15.6 billion.
Ask The Experts: Retirement
Q. I am 65, have worked for USDA intermittently since 1965 (recurring and temporary in the early years) and have been in my present position with USDA-ARS since 1999. I plan to retire (in FERS) in two or three years. My insurance provider for more than 10 years has been Blue Cross and Blue Shield Federal Employee Program. I am signed up for Medicare Part A. My wife, several years younger than I, is a health provider in private practice. She and my two children (elementary school age) are now covered under the federal employee plan above. My understanding is they can remain covered by the plan when I retire (although some aspects of plan coverage change because of my enrollment in Medicare Part A). After retirement, can I continue to pay premiums (covering me and my family) of the same amount as I now pay? In other words, will the U.S. government continue to pay the same portion of the premium as it does now?