You have reached your limit of free articles this month.

Enjoy unlimited access to myDaytonDailyNews.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myDaytonDailyNews.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myDaytonDailyNews.com.

breaking news

BREAKING: Pike County Sheriff issues alert about criminal gang, heroin

Most Ohioans shielded from Obamacare increases


Health insurance premiums for commercial coverage under the Affordable Care Act will rise sharply next year across most of the country, but the vast majority of consumers in Ohio will be shielded from the rate hikes by tax credit subsidies, according to federal health officials.

The Obama administration announced that premiums for the second-lowest cost “Silver” plans sold through federally facilitated health insurance marketplaces in Ohio and 38 other states will rise by an average of 25 percent, from $242 a month this year to $302 next year.

“With wages largely flat or even declining and the cost of living going up, millions of middle-class families in Ohio and across the country are already feeling squeezed,” said Ohio Sen. Rob Portman, who was among a number of Republican lawmakers pointing to the rate hike as evidence that the health care law is failing. “Today the Obama Administration confirms what too many Ohio families already know from experience: health care costs are going up, while health care choices are going down.”

But some states will see much bigger jumps in premiums under the health care law than others.

The average premium for the benchmark Silver plan in Ohio is expected to rise just 2 percent, from $222 a month this year to $226 in 2017. And that’s before accounting for premium tax credit subsidies available to most individuals with incomes from $11,880 to $47,520 a year, who qualify for coverage in the marketplaces because they don’t have access to employer-sponsored insurance and do not qualify for Medicaid or Medicare.

About 80 percent of marketplace consumers in Ohio qualify for the income-based subsidies, which increase if premiums increase so individuals and families don’t have to bear the full brunt of the price hikes passed on by insurance companies to cover the medical costs of their policyholders.

In Ohio, the average premium for the benchmark Silver plan after tax credits will be about $142 next year for a 27-year-old non-smoker earning about $25,000 a year — about the same as last year, according to figures from the U.S. Department of Health and Human Services (HHS).

In addition, more than half of all marketplace consumers in Ohio will be able to sign up for health plans with premiums under $75 a month, and 60 percent will be able to find plans with premiums below $100 a month when open enrollment begins next Tuesday, HHS officials said.

“Thanks to financial assistance, most current marketplace consumers in Ohio will be able to find plans with premiums between $50 and $100 per month,” said HHS Secretary Sylvia Burwell. “Many uninsured Ohioans could also qualify for financial assistance, as could 64,000 Ohioans currently paying full price for off-marketplace coverage.”

About a quarter-million Ohioans signed up for marketplace coverage, commonly referred to as Obamacare, last year. But an additional 64,000 state residents purchased individual health coverage outside the marketplace, forfeiting the tax credits, according to HHS data.

While off-marketplace plans must comply with the same minimum benefit requirements and non-discrimination rules as marketplace plans, the federal tax subsidies are only available in the marketplace.

According to a recent study from the Robert Wood Johnson Foundation, average premiums and deductibles for individual and small-group health plans purchased in the marketplace this year were nearly 13 percent cheaper than for plans sold outside the marketplace.

Ohio consumers can already visit HealthCare.gov to check out their options for 2017 coverage during open enrollment, which ends Jan. 31.


Reader Comments ...


Next Up in Local

BREAKING: Pike County Sheriff issues alert about criminal gang, heroin
BREAKING: Pike County Sheriff issues alert about criminal gang, heroin

Pike County Sheriff Charles Reader issued a warning Monday to residents regarding “gang members” coming to the area and “‘taking out’ believed snitches.” The unusual message — posted on Facebook and confirmed as authentic by dispatchers — did not reference the April 22, 2016, murders of eight people that...
D.L. Stewart web exclusive: Politics shouldn’t happen to a dog
D.L. Stewart web exclusive: Politics shouldn’t happen to a dog

The American political picture just keeps getting uglier. A mock-up of a severed head of the president of the United States displayed by a comedian. A Donald Trump look-alike slain, Julius Caesar-style, in an updated Shakespeare play. An aging pop singer suggesting the White House should be blown up. And now, comparing political figures to the world&rsquo...
Naked man stops traffic in Middletown
Naked man stops traffic in Middletown

A Cincinnati man was transported to a Middletown hospital after rolling around naked in traffic, according to Middletown police. Officers were called about 10:50 p.m. Saturday to the intersection of Kensington Street and Roosevelt Boulevard on a call of a man completely nude running in the road. READ: Local news headlines The man was “rolling...
Harrison Twp. man, 64, faces charges of sex acts with 14-year-old girl
Harrison Twp. man, 64, faces charges of sex acts with 14-year-old girl

A 64-year-old Harrison Twp. man faces federal charges related to alleged sex crimes against a 14-year-old girl, including taking her across state lines to have sex in his semi truck. William H. Sparks faces two charges each of coercion and enticement and transportation of minors for sex, according to a complaint filed in Dayton’s U.S. District...
Man watching pornography on McDonald’s Wi-Fi arrested: police
Man watching pornography on McDonald’s Wi-Fi arrested: police

Police arrested a man last week at a Pennsylvania McDonald’s after they said he refused to stop watching pornography on the restaurant’s Wi-Fi, according to multiple reports. Employees at the McDonald’s in West Hanover Township told police that they had previously confronted 61-year-old Todd McMillan, of Bay Shore, New York, for watching...
More Stories