11/09/2014 (7:00 am)
Metro East consumers will have more options but will likely pay more for their HealthCare.gov insurance coverage next year, according to data released Friday by Illinois insurance officials.
The Metro East counties of St. Clair, Monroe and Madison will have 40 plans from four carriers to choose from for 2015 coverage, up 10 from this year. The insurers selling in those counties are Coventry Healthcare, Blue Cross Blue Shield, Land of Lincoln Mutual Health Insurance Company and Time Insurance Company.
“Increased competition has led to competitive pricing and individuals, families and small businesses will have access to an even wider selection of affordable health care options in 2015,” said Illinois Department of Insurance Director Andrew Boron in a statement announcing the rate information.
“There are more options available and our mission is to help consumers make a choice that works best for their budget,” said Get Covered Illinois Executive Director Jennifer Koehler.
Although officials released the general plan information, consumers won’t be able to compare plans yet. Federal health officials have said that specific rates and detailed plan information will be available on HealthCare.gov at some point this weekend, about a week before open enrollment starts on Nov. 15.
The data from the insurance department show that premiums will rise an average of 2.6 percent throughout the state.
Premiums for the lowest cost bronze level plan, which has the highest cost-sharing for consumers, in the Metro East rose by 8 percent — to $144 payday loans.27 per month for a 21-year-old nonsmoker, from $133.63. Thirteen different bronze plans will be on the market.
The lowest cost silver plan’s premium, the next step from bronze in terms of cost-sharing, rose a more modest 5 percent for St. Clair, Monroe and Madison counties. There will be 15 silver plans to select from during open enrollment.
Of the 217,000 Illinoisans who selected marketplace coverage last year, 56 percent chose a silver plan while 29 percent picked a bronze one.
In a change from last year, one platinum level plan — the highest level of cost-sharing where an insurer pays at least 90 percent of medical bills — will be available in each of the three Metro East counties.
The upcoming enrollment period will also mark the launch of the online small business marketplace. There will be 12 plans available in the Metro East for 2015 small business coverage.
Statewide, there will be 410 individual health plans available through 10 carriers although the majority of them are only in the Chicago area. There were 165 plans available for 2014 coverage.
This report was prepared in collaboration with Kaiser Health News, an editorially independent program of the Kaiser Family Foundation.