Corpus Christi health insurance consumers will see lower rates for ACA-related health plans in 2019. This good news is being welcomed as premiums have increased over the last few years.
Corpus Christi health insurance consumers will realize a small price drop in 2019.
The Centers for Medicare & Medicaid Services (CMS) announced that 2019 Affordable Care Act (ACA) health plan prices will drop by approximately 1.5%. This primarily affects the Silver plans (SLCSP) which are considered the middle tier of ACA plans. Although this news is a positive development, overall rates have increased over sixty nine percent (69%) in the past three years.
Even with the small price reduction, healthcare costs are still extremely costly for the average American. For example, consumers of health insurance in Corpus Christi, TX enrolled in ACA silver plans paid an average premium $536 in 2018. In comparison, various short-term insurance plans (non-ACA) charged slightly under $200 for monthly premium. However, most healthcare professionals consider short-term plans to be inferior to ACA ones when considering comprehensive benefits such as emergency room, hospitalization, doctors, specialists, labs, and other services..
Location is also an important consideration when it comes to cost variances. For example, a midwestern state like Iowa will witness their first rate decrease in ACA silver plans. Texas, on the other hand, only allows consumers to sign up for the ACA on private exchanges. Although the Affordable Care Act was passed into law in 2010 as an alternative to universal healthcare coverage, residents are required to use the federal-run website HealthCare.gov. Consumers can also utilize an independent agent, broker site or company to enroll directly into Obamacare and still receive financial assistance the law provides.
Rick Thornton, a Corpus Christi health insurance agent, thinks the price decrease is a good trend moving forward. “With premium increases over the last several years, most of my clients won’t see any dramatic changes but hopefully this can be representative of the ACA becoming more stable as it continues to evolve,” he stated.
Another bright spot is health insurance consumers are being offered a wide variety of choices such as ACA plan options, short-term insurance, employer-based private insurance, etc. Consequently, families and individuals are able to evaluate and compare and choose what is best for them.
Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.
