Friday, August 1st, 2014
Current Time 4:22:13pm
Friday, 30 May 2014 09:51

State: Average premiums to rise in marketplace

Written by 

COLUMBUS, Ohio (AP) - Ohio insurance officials say residents buying health coverage through the federal marketplace could see a 13 percent increase in average insurance premiums next year compared to this year.

The Ohio Department of Insurance released details Thursday of the proposed average premiums from insurers seeking to offer plans on the new insurance exchange. Final rates for next year won't be available until August, after the agency approves them.

The figures are averages of proposed rates. Some rates could be lower and others higher. It's unclear what an individual consumer will encounter.

The state's figures also do not take into account federal subsidies or other factors that could change the price.

Those shopping for 2015 plans could see more competition. Sixteen companies want to offer plans, while 12 are selling this year.

Associated Press

Email This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Twitter Feeds
  • Free Text Alerts
  • Facebook Links

Follow us on Twitter!

AVC News - Daily Local Headlines and Alerts

AVC Sports - Local HS Sports Scores

Get Text Message Local News Alerts and Local HS Sports  Scores on Your Cell Phone!

YourRadioPlace.com will alert you to the latest breaking LOCAL news, weather school closings and local HS sports scores for all the games we broadcast via Text Messages to your cell phone or PDA! Sign up now for this FREE service! (Message and Data Rates May Apply - See details under read more link)

AVC Local News Alerts:   Text keyword: AVCNEWS to 41411
Local HS Sports Scores:  Text keyword: AVCSPORTS to 41411

Message and data rates may apply. To Opt-out text STOP to 41411. For more information text HELP to 41411.

Popular Articles...