The Nebraska Department of Insurance has released preliminary rates for health insurance plans that will be offered through the new state exchange under the Patient Protection and Affordable Care Act.
The rates don't include every age or possible consumer circumstance and are for educational purposes only, according to a news release. Although specific costs per person will vary depending on circumstances such as age and tobacco use, it looks like most Nebraskans will see their premiums increase, Bruce Ramge, the state insurance department director, said in the release.
A 26-year-old single male covered by Coventry in Lincoln, Neb., will experience a nearly 145 percent increase in his individual insurance premium, which will increase from $100.18 in 2013 to $245.09 for a silver plan next year, according to a rate chart released by the insurance department.
Meanwhile, a 50-year-old single mother and smoker with three children in Hastings can expect her monthly premiums for Coventry family coverage to drop about 5 percent from $1,026.86 in 2013 to $974.89 for a silver plan next year.
States where the federal government will facilitate insurance exchanges such as Ohio, Florida, Mississippi and South Carolina have predicted that premiums will skyrocket under the PPACA. However, a recent RAND Corp. report concluded the reform law won't cause widespread increases in premiums on the individual insurance market, although states including Minnesota, North Dakota and Ohio could see premium increases of up to 43 percent.
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