News

PA exchange to offer some of the lowest-cost premiums

Written by The Associated Press | Sep 25, 2013 10:51 AM
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(Harrisburg) -- A Pennsylvania resident who buys health insurance on the federally run online exchange opening next week will pay $286 a month on average for a mid-range plan, not including out-of-pocket costs or tax credits that benefit lower-income families.

That's from figures released by the Obama administration Wednesday.

The state average for individuals is below the $328 national average and ranks 10th-lowest out of 47 states for which data was available. Variables including income, family size, age, hometown and tobacco use could make the premiums dramatically different.

Factoring in tax credits, a family of four with $50,000 in annual income will pay an average $282 a month. It would cost $675 without the credits.

The federal government is running Pennsylvania's marketplace because Governor Corbett declined to have a state-run exchange.

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