The Average Cost Of Insurance Under Idaho's New Health Exchange Announced
Health coverage policies sold via Idaho's insurance exchange will cost an average of $240 per month, a figure based on the price tag of proposed policies submitted to the state Department of Insurance by insurers aiming to participate.
The figure, announced Thursday in Boise by the exchange board, is merely an average.
It doesn't reflect rates policy holders will actually pay, depending on their financial circumstances, eligibility for federal subsidies or their benefits package.
But it offers a first glimpse of how President Barack Obama's plan to provide health insurance coverage to more Americans may impact thousands of Idaho residents' pocketbooks.
State insurance regulators are now reviewing insurers' proposed policies.
The exchange aims to begin enrolling participants Oct. 1, with coverage starting Jan. 1, as required by the 2010 law.