The U.S. Department of Health and Human Services says South Carolinians who sign up for health insurance through the new federal online “Marketplace” will have significant choices and less expensive premiums than expected.
An HHS report states that consumers in our state will be able to choose from an average of 26 health plans.
The average premium for the lowest-cost, basic “bronze” program – which would cover 60% of health care costs – would be $267 a month.
The next level of coverage – the “silver” program, which would cover 70% of health care costs – would have an average premium of $333.
Premium amounts will vary widely depending upon family size, income and age, but HHS says 60% of those currently uninsured should be able to find coverage for $100 or less per month in the Marketplace, taking into account premium tax credits and Medicaid coverage.
People will be able to start shopping for coverage through the Health Insurance Marketplace on October 1st.