BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Federal subsidies held health insurance premiums to $82 per month: HHS

Federal subsidies held health insurance premiums to $82 per month: HHS

Individuals eligible for premium subsidies under the health care reform law paid an average of just $82 a month for coverage purchased through federal health insurance exchanges, according to the Department of Health and Human Services.

Without those subsidies, available to uninsured individuals with incomes between 100% and 400% of the federal poverty level — which equals $11,670 and $46,680 for a family of one, and $23,850 and $95,400 for a family of four — the average monthly premium would have been $346, HHS said Wednesday in a report that examined plans and costs in 36 states where the agency operates the exchanges because those states declined to do so. The 36 states include Florida and Texas.

Sixty-nine percent of enrollees selected coverage for which they paid a monthly premium of less than $100, while 46% of enrollees opted for a plan that cost $50 per month or less after the federal subsidy.

“What we are finding is that the marketplace is working,” HHS Secretary Sylvia Burwell said in a statement, referring to the federal exchanges. “When there is choice and competition, everyone benefits,” she said.

More than 5.4 million people enrolled in federal insurance exchanges through mid-April, with more than 80% of them eligible for premium subsidies.