State releases information concerning health insurance coverage through exchange system
Health insurance exchanges throughout the U.S. are scheduled to begin open enrollment on October 1 of this year. As this date quickly approaches, states are beginning to release more information concerning the health insurance policies that will be available through these exchanges. Delaware has become the latest state to make this information available to the public. The Delaware Department of Insurance has released information concerning the state-based exchange that may help people make more informed choices concerning their health insurance coverage.
Policies for individuals could be as low as $148
The Delaware exchange is expected to make affordable health insurance available to thousands of people that currently lack coverage. According to the information provided by the state’s Department of Insurance, policies for non-smoking individuals could be as low as $148 per month. Policies for a family of four are expected to cost an average of $1,485 per month. The cost of policies will depend on various factors, including any existing medical conditions that a person may have at the time the policy is purchased. Policies sold through the exchange are separated in tiers, with the lowest tier offering the most modest benefits but boasting of the lowest premiums.
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State officials work to raise awareness of federal provisions
Delaware officials have been working to raise awareness concerning the state’s health insurance exchange. Many of the state’s residents remain somewhat uninformed about the exchange and what benefits it offers them. The Affordable Care Act has also caused a significant level of confusion among consumers throughout the country, leaving many people with unanswered questions concerning the federal law and how it may affect them. One of the aspects of the law that state officials have been working to promote is the availability of federal subsidies, which could help reduce the cost of health insurance coverage for policies sold through the state’s exchange by as much as 77%.
Prominent insurers participate in state’s exchange
Delaware officials expect more than 90,000 state residents will find coverage through the state’s health insurance exchange. Those looking for coverage will be able to find it from a variety of insurance providers that will be participating in the exchange system. Among these insurers are Coventry Health Care, Blue Cross Blue Shield of Delaware, Delta Dental, and Coventry Health and Life.