Remember, as we said in a blog Wednesday and in the paper Thursday, that these rates do not account for the subsidies people might get when they actually apply to the exchange at the opening on Oct. 1. These are what you would call the retail rates, but few people will pay full retail. These prices can be adjusted somewhat, either direction, depending on the applicant’s location, age and smoking status; they cannot, however, be adjusted higher for a previous illness, a key feature of “Obamacare.” The prices will also be lowered when people find out if they qualify for a federal tax subsidy; the subsidies are generous, applying even to families of four with income up to $94,000 a year.
I will post the Silver plan spreadsheet analysis that CCHI has created under the Obamacare resources tab.
My quick analysis comes down to this: Unless you qualify for a substantial subsidy, you will find these plans expensive. When it comes down to subsidy qualification, beware the family glitch.