For those seeking affordable health coverage throughthe Patient Protection and Affordable CareAct exchange system next year, low-cost silver plansare shaping up as the choice where customers gets the most bang forthe buck.
An analysis by Washington, D.C.-based healthcare consulting firmAvalere HealthLLC found that premium increases projected for exchange plansnext year will be lower among certain silver plans. In fact,Avalere’s analysis of existing plan data found some silver planswill be cheaper next year, yet will still cover a substantialpercentage of basic coverage elements as stipulated by thePPACA.
“In most states, proposed premiums for lower-cost silver plansincreased less dramatically or even went down for 2017, compared tohigher-cost plans on the same tier,” Avalere Senior Vice PresidentCaroline Pearson wrote. ”Lower-cost silver plans tend to be mostpopular with consumers, making this portion of the market morecompetitive as plans seek to attract enrollees.”
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
