2017 Open Enrollment for ObamaCare starts November 1st and 7 in 10 marketplace shoppers can still get prices as low $75, and 8 out of 10 less than $100!
Despite rate increases prices will remain low for those with access to subsidies due to the way cost assistance caps premiums by income, the poverty level, and the cost of a Second Lowest Cost Silver Plan in your region.
This means that, even though rate increase might hit some regions hard, in general marketplace customers can expect affordable prices under the Affordable Care Act.
- In 2015: 1 in 6 Americans got a Health Insurance Marketplace plan for $100 or less, and 87% of people who selected a marketplace plan got financial assistance.
- In 2016: 7 out of 10 returning Marketplace customers could get a plan for less than $75 a month, and 8 in 10 could get one for $100 or less.
- For 2017: Despite rate increases, 7 out of 10 Marketplace customers will still be able to get a plan for less than $75, and 8 out of 10 less than $100! This is primarily because cost assistance is based on income. Learn more about how cost assistance works.