The Affordable Care Act's Fate Is In Flux But 2021 Health Plan Prices Are Stable

PhotoAlto/Frederic Cirou/Getty Images/PhotoAltoOpen enrollment is about to start for those buying private insurance off state or federal exchanges.Facing a pandemic, record unemployment and unknown future costs for COVID-19 treatments, health insurers selling Affordable Care Act plans to individuals reacted by lowering rates in some areas and, overall, issuing only modest premium increases for 2021.

The flip side of flat or declining premiums is that some consumers who qualify for subsidies to help them purchase coverage may also see a reduction in that aid. Subsidies are determined by a mix of a consumer's income and the cost of a benchmark plan.It might cost about the same this year — or even less.brought by 20 Republican states and supported by the Trump administration — enrollment and premium prices are not forecast to shift much.

Gaba said the average requested increase next year nationwide is 2.1%. When he looked at 18 states for which regulators have approved insurers' requested rates, the percentage is lower at 0.4%., by KFF, of preliminary premiums filed this summer had similar findings: Premium changes in 2021 would be modest, only a few percentage points up or down.

Premiums are just one part of the equation. Consumers should also look closely at annual deductibles, because the trade-off of going with a lower-cost premium may well be higher annual deductibles that must be met before much of the coverage kicks in.Your choice of insurers may have widened.

Ha! The PPACA, Obamacare, tripled our premium & reduced coverage while canceling our plan over 4 consecutive years. Oh, and that was after our original provider dumped everyone in Illinois, chose to no longer write any policies in our State. F’in disaster. Throw it in the fire.

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