Consumers can purchase the same BCBSNC ACA health plans, and access subsidies, from the Exchange or directly from BCBSNC. BCBSNC’s buy online tool facilitates the transaction for those who qualify for a federal subsidy (consumers
purchasing their own coverage with income levels between 100 percent and 400 percent of Federal Poverty Level2). The subsidy impact will be significant for some. For example, a person earning 100 percent of FPL could pay $19.15 per month for a Silver plan.
By choosing to offer its products on the Exchange in all 100 counties, BCBSNC is ensuring that low- and middle-income consumers who depend on a subsidy to afford insurance will be able to access the subsidy and purchase coverage.
ACA health plans generally offer richer benefits than plans many BCBSNC customers choose today. In addition to requiring richer benefits, the ACA eliminates the use of gender or health status in setting premiums. Consumers may begin shopping for coverage – and can learn exactly how much subsidy they might receive – by visiting the Exchange when it opens.
“The ACA will make coverage available to many who have never had it and will enhance benefits for most consumers. These are good things, but they come at a cost,” said Patrick Getzen, BCBSNC vice president and chief actuary. “After the impact of subsidies, we expect about two-thirds of our individual customers will see the amount they pay for coverage increase similar to previous years – or they may pay less. The remaining one-third of our customers will see fairly substantial increases due to the requirements of the ACA.”
For comprehensive information about health reform, visit nchealthreform.com.