Individuals shopping for health insurance in state-based exchanges beginning Oct. 1 are unlikely to encounter skyrocketing premiums, according to a new study by the RAND Corp.
However, researchers caution that the cost of policies in the individual market will vary between states. Individuals in three states—Minnesota, North Dakota and Ohio—could face premium increases of up to 43%, although federal tax credits will cover most of those costs for about 80% of policyholders. Also affecting premiums: health risks such as smoking.
The study predicts that the Affordable Care Act will result in more people being covered. Download the RAND study from its website.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 7th Circuit: Clothes-changing, travel time are not compensable
- What recourse do we have if employee repeatedly misses work on Mondays?
- Remind retirement plan participants: Don't neglect stock investments
- Warn employees of the dangers of dipping into 401(k) funds