eHealth Analysis: Proposed House Bill 6311 Could Save Pre-Retirees Over $4,600 Per Year on Health Insurance Premiums
eHealth CEO Scott Flanders Notes H.R. 6311 Would Also Expand Availability of Subsidies and Increase Consumer Health Plan Choice
“This bill is an effort to expand consumer choice and provide people
burdened by high health insurance costs with more options in an open
market to find affordable coverage,” said eHealth CEO
H.R. 6311 would rebrand lower-priced catastrophic plans as “copper” and expand their availability to all health insurance consumers. Catastrophic plans are currently available only to people under age 30, with some exceptions. The bill would also allow consumers to apply premium tax subsidies to these policies, lowering costs even further for those with qualifying incomes.
“These are commonsense amendments to the Affordable Care Act that we hope legislators can agree to support,” Flanders said. “At eHealth, we believe these simple changes would help stabilize the market and prevent many cost-stressed consumers from going without ACA-compliant health insurance coverage next year.”
The estimated savings in eHealth’s analysis are based on average
premiums for health plans selected by eHealth customers during last
fall’s annual open enrollment period, when premiums for catastrophic
plans selected by young adults were, on average, 41 percent lower than
the bronze plans they selected. The average monthly premium for bronze
plans selected by eHealth shoppers between the ages of 55 and 64 at that
time was
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