According to a recent press release by the Associated Press posted in the Santa Fe New Mexican, New Mexico will have some of the lowest premiums in the nation under Obama-care, only $282 compared to Wyoming’s highest of $516, and the national average of $328. However, copayments and deductibles could “burn a hole in your wallet.”
Beginning on October 1st, consumers can begin shopping for plans with a range of coverage from bronze to platinum. Bronze plans will have the lower premiums and pay an average of $217 monthly, but will cover only about 60% of costs, leaving people to pay more out-of-pocket expenses.
According to the release, an Avalere Health study shows that premiums aren’t the only factor consumers need to consider. To keep premiums manageable, consumers will pay more if the need arises. The annual deductible for a midrange plan in Obama-care is expected to be more than twice the typical deductible in employer plans.
Avalere also found that the new plans will require patients to pay an average 40% for certain drugs, including specialty medications for rheumatoid arthritis and other intractable chronic diseases. The flip side of that coin is that preventive care should be free to the patient.
It is expected that, on January 1st of 2014, all Americans will be required to have health insurance or pay fines. The health care law is supposed to prohibit insurance companies from turning away those in poor health, or from charging them extra.
For more information, view the original article at http://www.santafenewmexican.com/news/local_news/article_8953412e-0778-542c-b878-969917cf9720.html, or visit the Associated Press online at www.ap.org.