NY State: Cheaper health insurance expected...
Individuals and small businesses on Long Island will have more and cheaper options for health insurance next year, according to the state, which Wednesday released the plans to be offered.
On Oct. 1, New York plans to open up its health insurance marketplace -- known as the health benefit exchange -- for lower-cost health insurance as part of the federal Affordable Care Act. On Long Island, 13 companies will offer plans for individuals. That's about four times the current number of insurers, and the cost will be much lower.
The cheapest plan for an individual now costs about a $1,000 a month; under the insurance exchange plan New York Fidelis, a statewide government programs-based insurer, will offer a lower-cost plan for $284.50 monthly.
"On average, the approved 2014 rates for even the highest tier of plans individual New York consumers could purchase on the exchange (gold and platinum) represent a 53 percent reduction compared to last year's direct-pay individual rates," Gov. Andrew M. Cuomo said in a news release. And many will qualify to receive subsidies that may lower rates even more.
Read the rest:
http://www.newsday.com/news/health/state-cheaper-health-insurance-expected-on-li-1.5714378
I predict Obamacare will become very popular in 2014.
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