CHICAGO (AP) — Gov. Pat Quinn’s administration is trickling out information about what Illinois health insurance prices will be on the new marketplace that’s a backbone of President Barack Obama’s health care law.
Quinn’s office announced Tuesday the monthly rates for the lowest-cost plan for a 25-year-old nonsmoker will be $120 in Chicago or $128 in Peoria. For a 40-year-old nonsmoker, the monthly cost of the cheapest plan would be $152 in Chicago or $163 in Peoria.
Most Illinois residents will be able to choose from at least 34 plans when the marketplace goes live Oct. 1.
Consumers will have to wait until then to learn exactly what choices will be available in their region and how much they’ll pay. New tax credits will lower costs for some, depending on household income.