Texas Premiums Unveiled For Health Care Act Plans

WASHINGTON (September 25, 2013)--The Obama administration has unveiled premiums and plan choices for Texas and 35 other states in which the federal government is taking the lead to cover uninsured residents, and the average premium in Texas is less than the national average.

The disclosures came a week before the launch of the new health insurance markets under the Affordable Care Act.

Before tax credits that work like an upfront discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $328 a month nationally for an individual.

But w you live, the plan you pick, family size, age, tax credits based on your income, and even tobacco use will all impact the bottom line.

The variables could make the system hard to navigate.

For example, the average individual premium for a benchmark policy known as the "second-lowest cost silver plan" is $305 in Texas, which Larry Levitt of the Kaiser family Foundation says is surprisingly low.

He says Texas" is a state that has put up roadblocks to implementation, but the premiums there are below average."

When open enrollment begins on Oct. 1, Texas residents will have an average of 54 qualified plans from which to choose, federal officials said Wednesday.

Coverage begins as early as Jan. 1, 2014.

“We are excited to see that rates in the Texas marketplace are even lower than originally projected,” said U.S. Health and Human Services Secretary Kathleen Sebelius.

Breakdown By Sample Texas Cities
(Source: U.S. Department Of Health and Human Services)

In Dallas-Fort Worth, TX, a 27-year old who makes $25,000 per year will pay $74 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in Dallas-Fort Worth, TX with an income of $50,000 per year, the lowest bronze plan would cost only $26 per month. And Dallas-Fort Worth consumers will be able to choose from among 43 qualified health plans.

In Houston-Brazoria, TX, a 27-year old who makes $25,000 per year will pay $81 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in Houston-Brazoria, TX with an income of $50,000 per year, the lowest bronze plan would cost only $52 per month. And Houston-Brazoria consumers will be able to choose from among 46 qualified health plans.

In San Antonio, TX, a 27-year old who makes $25,000 per year will pay $87 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in San Antonio, TX with an income of $50,000 per year, the lowest bronze plan would cost only $73 per month. And San Antonio consumers will be able to choose from among 58 qualified health plans.

In Austin, TX, a 27-year old who makes $25,000 per year will pay $85 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in Austin, TX with an income of $50,000 per year, the lowest bronze plan would cost only $64 per month. And Austin consumers will be able to choose from among 76 qualified health plans.

In McAllen-Edinberg-Pharr-Mission, TX, a 27-year old who makes $25,000 per year will pay $99 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in McAllen-Edinberg-Pharr-Mission, TX with an income of $50,000 per year, the lowest bronze plan would cost only $117 per month. And McAllen-Edinberg-Pharr-Mission consumers will be able to choose from among 30 qualified health plans.


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