ACA subsidies keep pace with rising premiums

Politics

Salt Lake City, Utah- (ABC4 Utah) – We are getting a first look at pricing and subsidies for health insurance under the Affordable Care Act for next year.

Premiums are up, but subsidies are following suit, and most Utahns on the exchange qualify for the monthly assistance.

The congressional battle over the ACA is on hold, but it isn’t over.

“We are going to have to come back and address health reform at some point. The reality is, that Obamacare has injured or hurt millions of Americans. It’s unsustainable, it is actually in a death spiral, the funding of it is insufficient,” said Representative Chris Stewart, (R) Utah.

The uncertainty has taken a toll on the controversial health law. Premiums are up, CSR payments to carriers have been stopped and insurers continue to bail on the exchange.

Lloyd Coleman with Clarity Insurance says most Utahns with an ACA plan won’t even notice.

“There’s still some really good options. In fact, most people will find that they have the same plan, at the same rate they have this year or even lower,” said Coleman.

That’s because as premiums rise, subsidies to help people pay for insurance are keeping pace.

That’s good news for the 86% of the 172,000 Utahns on the exchange who qualify.

Not so much for those who don’t, but Coleman says even they may be able to find a better deal.

“There are some special plans for those that don’t get subsidies, and there is also some new Bronze plans available that give them some great coverage, really close to Silver at a lower cost. So, there are some strategies and new plans that really can make sense for them,” Coleman said.

Insurance brokers and navigators can help find the right plan for you at no additional charge.

Open enrollment is shorter this year. It begins on November 1, 2017, and closes on December 15, 2017.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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For this Beetdigger and Ute it’s an honor to be doing what he loves in his home state! Glen is an award-winning journalist, who joined the ABC4 News team in June 2013. You can catch him anchoring ABC4 News at 5 and 6, Monday through Friday. He also serves as our Senior Political Correspondent, keeping you up to date on issues that impact your life at the city, state and national level. His political reports run throughout the week, and he hosts Inside Utah Politics, Sunday mornings at 8. The Utah Headliners Chapter of the Society of Professional Journalists has recognized Glen as the best government and military television reporter in the state. Before returning home to Utah, he spent 11 1/2 years developing his journalism skills in other states. He held various on-air and management positions at KPVI in Pocatello, Idaho, WGBA in Green Bay, Wisconsin and KKCO in Grand Junction, Colorado during that time. Read More...

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