The typical public exchange plan user may have a household income low enough to qualify for substantial premium subsidies — and even cost-sharing reduction subsidies.
Paul Houchens, an actuary at Milliman, looks at exchange qualified health plan (QHP) users in a presentation he prepared for the Indiana chapter of the Healthcare Financial Management Association.
Consumers who buy eligible individual QHP coverage through a Patient Protection and Affordable Care Act (PPACA) exchange may qualify for PPACA premium subsidies. They also may qualify for cost-sharing reduction subsidies, or subsidies that help reduce a consumer's out-of-pocket costs.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
