Rep. Green applauds HHS announcement on Health Insurance Marketplace plans and premiums
Washington – Congressman Green applauded the Department of Health and Human Services (HHS) announcement today that the new Health Insurance Marketplace in Texas will host significant choices and lower than expected premiums. According to a new report released today, Texas consumers will be able to choose from an average of 54 health plans in the Marketplace. Houston-Brazoria area consumers will be able to choose from among 46 qualified health plans.
Premiums nationwide will also be around 16 percent lower than originally estimated by the Congressional Budget Office. Approximately 6 out of 10 uninsured individuals will be able to find coverage for $100 or less per month in the Marketplace. For a family of four in Texas with an income of $50,000 per year, the lowest bronze plan would cost only $57 per month, taking into account premium tax credits and Medicaid coverage. For a family of four in the Houston-Brazoria area with an income of $50,000 per year, the lowest bronze plan would cost only $52 per month.
Congressman Gene Green stated, “This is great news. The Affordable Care Act was passed to give individuals and families access to affordable and quality health care options. Millions of Texans have already benefitted through the end of discrimination for pre-existing conditions, allowing young adults to stay on their parent’s health insurance plan, scrutinizing unreasonable premium increases, covering preventive services with no deductible or co-pay, and more. The Health Insurance Marketplace is the most important component and I’m glad to see the roll out going so well.”
HHS Secretary Kathleen Sebelius stated, “We are excited to see that rates in the Texas Marketplace are even lower than originally projected,” said Secretary Sebelius. “In the past, consumers were too often denied or priced-out of quality health insurance options, but thanks to the Affordable Care Act consumers will be able to choose from a number of new coverage options at a price that is affordable.”
Open enrollment in the Marketplace will begin October 1 and run through March 2014. Coverage begins as early as January 1, 2014. Consumers can get help finding Marketplace coverage through www.HealthCare.gov or www.cuidadodesalud.gov. They can also call 1-800-318-2596 toll free to speak with a trained customer service representative with translation services available in 150 languages.