Consumers who think they might be scoring a cheap health plan under PPACA might be in for a rude awakening, as new analysis shows those who chose the cheapest health plans will be hit with higher out-of-pocket costs.

New analysis of early health insurance rate filings from HealthPocket finds that PPACA's bronze plans— the least expensive plans under the law — have higher out-of-pocket costs for consumers compared to plans in the individual and family insurance market right now.

While most states have yet to publish their rates, "bronze plan" filings from California, Connecticut, Ohio, Oregon, Rhode Island, Vermont, and Washington indicate that for these entry-level plans, consumers could pay more in deductibles, copayments and coinsurance for their medical services than they do now, researchers said.

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
NOT FOR REPRINT

© 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.