Healthcare enrollment has developed a number of trends and we thought you would like to learn what is going on a national level. Health released the information after the first weeks of enrollment. Early signs of consumer behavior in private exchanges indicate that employees are likely to “buy down” on covered plan benefits to achieve a lower-priced premium.
Health Insurance Trends
1.Premiums are increasing on average 14% to 16%.
2.Family plans are running about $760 per month.
3.The average deductible for an individual plan is $3,780 and for a family is $7,450.
4.Most enrollees thus far are over 35. Younger people tend to hold off enrollment.
In order for you to make an informed decision, it is important to understand key terms.
Type of plans- There are five different kinds of plans; Bronze, Silver, Gold, Platinum, and Catastrophic. The health plan category you choose determines how you and your plan share the costs of care.
Out-of-Pocket Costs- The amount you will pay in total in addition to premiums.
Benefits- These are the specific coverage/benefit that your selected plan will provide.
Deductible- The annual amount you will pay per person for treatment.