YNN's Karina Kling filed the above video report.
The marketplace, set to open Oct. 1, is a key part of the federal healthcare overhaul. It’s intended to provide options for uninsured people to find affordable health insurance plans in a competitive marketplace. People who already have healthcare plans can also use the marketplace to shop for a better deal.
The options include gold, silver and bronze level insurance plans. Young adults will have lower premiums and the option to buy catastrophic care plans that cover prevention, some primary care and high costs in case of major injury or illness. An estimated 6.4 million people between the ages of 25 and 30 will be eligible for coverage through Medicaid or the marketplace.
According to the information provided by HHS, a 27-year-old in Austin would pay $109 per month for catastrophic injury coverage, and $144 per month for bronze level service. A 27-year-old with an income of $25,000 per year would pay $85 per month after tax credits.
A family of four with an income of $50,000 in Austin would pay $64 per month after tax credits for a bronze plan after tax credits.
These numbers are derived from the weighted average of the lowest cost plans available in the marketplace.
While sample-rates were provided by HHS for a healthy 27-year-old, it’s unclear what an older adult or someone who has chronic health problems might expect from their premiums.
They also don’t reflect changes to the marketplace that could come after new health care rules approved in the Affordable Care Act go into effect in 2014. They include prohibitions against charging women more than men for health coverage and against denying coverage based on pre-existing conditions. There will also be limitations on how much more insurance companies can charge older people than younger adults.
For more, you can see the HHS report.