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Prices Out For Health Care Coverage

Tue, 24 Sep 2013 13:41:17 CDT
By: AP

In one week, Illinois plans to launch a new health insurance marketplace where consumers can shop online for coverage that's required under the nation's health care law. Until now, the cost of the coverage available on that marketplace has been a mystery. Gov. Pat Quinn's administration released some cost information a week ahead of the marketplace's opening day. Consumers have until Dec. 15 to sign up if they want coverage to start Jan. 1. About 1.8 million Illinois residents are uninsured. Many of them will qualify for free health coverage under an expanded Medicaid program. Others with low or moderate household incomes will be eligible for tax credits that will drop their costs lower than the just released rates. The rates for non-smokers and before tax credits in Peoria range from $128 for a 25 year old to $284 for a 50 year old man. Smokers will pay more. The rates are for bronze plans, which will have lower monthly premiums but higher out-of-pocket costs such as deductibles and co-pays. For silver plans, which have higher monthly premiums but lower out-of-pocket costs, the Peoria County rates range from $169 to $376.

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