PA Obamacare Rates Among the Lowest in the Country
The Department of Health and Human Services has released estimates for how much those newfangled Obamacare health insurance packages will cost in each state. The good news? The cost of the insurance plans are among the lowest in the country, at an average of $286 a month. “Factoring in tax credits [for lower-income individuals] a family of four with $50,000 in annual income will pay an average $282 a month. It would cost $675 without the credits.”
The bad news?
One hitch in Pennsylvania is that it is likely that many childless adults and some others with incomes below 100 percent of the federal poverty level — $11,490 for a single person — will not be eligible for a tax credit or for Medicaid because Corbett and the state Legislature have not signed on to a Medicaid expansion that was envisioned by the 2010 federal health care law.
Still, $286 is less than the national average of $328 and much, much less than the $385 New Jerseyans will be paying. The plans will be available through the exchange, or insurance marketplace, being run by the feds. [AP]