CHAPEL HILL, N.C. — North Carolina's largest health insurer says the federal health insurance overhaul law kicking in next year will mean higher costs for about a third of its customers who pay for their own coverage and lower or stable prices for about two-thirds.
Blue Cross and Blue Shield said Friday many customers who buy individual policies will see prices climb by more than 18 percent in 2014, the average increase for small groups. About 10 percent of Blue Cross customers bought their own coverage last year.
Blue Cross filed documents with state and federal agencies explaining coverage and prices for individual policies it will sell on a new, online insurance marketplace required by the Affordable Care Act. The insurer is keeping its prices secret until the health benefit exchange opens in October.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
