Illinois News

Rates released for new Illinois Health Insurance Marketplace

Wednesday, September 25, 2013

More information is being made public about how the new health care law will affect patients in Illinois. In one week, the new health care system kicks in.

On Tuesday night, millions of people in Illinois are finally getting a little idea of what they may pay under the new plan. It's called the Illinois Health Insurance Marketplace.

According Governor Quinn, 95 percent of Illinois residents will have access to at least 34 different plans.

So, far we're getting the monthly rates for only the lowest cost plans. For example, a 25-year-old nonsmoker will pay $120 a month in Chicago. For a 40-year-old nonsmoker, it would be $152 a month in Chicago. A 60-year-old will pay $323 a month.

Subsidies may be available depending on how much money a person makes. On Tuesday, President Obama and former president Bill Clinton took to the same stage to promote the new health care law that President Obama championed after Clinton's own efforts to reform health care 20 years ago failed.

Now President Obama has turned to the man he calls his "secretary of explaining stuff."

"When you have universal enrollment, you can manage your costs better and cut inflation down. Just want to know one thing, inflation in health care costs dropped 4 percent for 3 years in a row for the first time in 50 years," said Clinton.

People who do not have insurance through their employer and who do not buy insurance will face penalties.

ABC7 is told all rates should be available in Illinois on October 1. That's also when people will be able to access the marketplace in three different ways: online, at the state's help desk or by visiting a partner organization to obtain in-person assistance.

Illinois-specific ACA information:
Affordable Care Act information for Illinois

General information about the Affordable Care Act:
healthcare.gov

Great resource for small businesses and the ACA:
healthcoverageguide.org

ACA health insurance marketplace:
http://marketplace.cms.gov/getofficialresources/multimedia/multimedia.html

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Tags:
Affordable Care Act, illinois news, cheryl burton
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