Health insurance will be free for some Americans on the new Affordable Care Act exchanges, according to a Health and Human Services analysis released Wednesday on insurance costs.
The average premium works out to zero after the tax subsidy for a family of four earning $50,000 a year on the lowest-cost bronze plan in Fairfax County, Virg., Jackson, Miss., and Anchorage, Ala., the HHS said. That’s because they will qualify for enough tax subsidies to cover the entire cost of the plan.
“Yes, people can get a zero premium bronze plan after the tax credit,” said Gary Cohen, director of the Center for Consumer Information and Insurance Oversight at the Centers for Medicare and Medicaid Services, who is responsible for implementing the exchanges.
The zero-dollar price tag also means that some families will pay less than individuals for coverage.
“Because premiums for older individuals and families are higher than those for younger individuals, tax credits are larger for older individuals and families,” the report says. “Therefore, using tax credits to purchase a bronze plan may yield lower bronze premiums for older individuals and families than for younger individuals.”
It is unclear how many families will be eligible for such a deal, and if there are other income brackets that will also qualify. In Fairfax County, Virg., for instance, a 27-year-old making $25,000 per year would pay $66 per month for the lowest cost bronze plan coverage and that family of four making $50,000 would pay $282 per month if they chose to enroll in second-lowest silver plan coverage, according to the HHS report.
The study includes new data from states with federally-run exchanges. Complete details about premiums and plan offerings will be available, Cohen said, once the exchanges open for enrollment on Oct. 1.
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With three days until the first debate, the polls are coming fast and furious. The latest round:
- An Associated Press/Gfk poll of registered voters found very few voters committed, with Clinton leading Trump, 37% to 29%, and Gary Johnson at 7%.
- A McClatchy-Marist poll gave Clinton a six-point edge, 45% to 39%, in a four-way ballot test. Johnson pulls 10% support, with Jill Stein at 4%.
- Rasmussen, which has drawn criticism for continually showing Donald Trump doing much better than he does in other polls, is at it again. A new survey gives Trump a five-point lead, 44%-39%.
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Donald Trump "is on the precipice of becoming the only major-party presidential candidate this century not to reach out to millions of American voters whose dominant, first or just preferred language is Spanish. Trump has not only failed to buy any Spanish-language television or radio ads, he so far has avoided even offering a translation of his website into Spanish, breaking with two decades of bipartisan tradition."
Bill and Hillary Clinton have purchased the home next door to their primary residence in tony Chappaqua, New York, for $1.16 million. "By purchasing the new home, the Clinton's now own the entire cul-de-sac at the end of the road in the leafy New York suburb. The purchase makes it easier for the United States Secret Service to protect the former president and possible future commander in chief."