Are Rates Going Up? | MetroPlus Health NYC Health Insurance

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Are rates going up? The Affordable Care Act has specific laws in place that require insurance companies to justify any rate increase. The Department of Financial Services has confirmed that the premium rates on the Marketplace are over 50% lower than market rates. Beginning in 2014, some individuals may be eligible for premium credits or reductions on cost-sharing based on their incomes. One of our main goals continues to be to deliver quality healthcare coverage to all our members at affordable rates. To read more, visit http://www.metroplus.org/MarketPlus/Exchange- Plans-FAQ

Transcript of Are Rates Going Up? | MetroPlus Health NYC Health Insurance

Page 1: Are Rates Going Up? | MetroPlus Health NYC Health Insurance

Are rates going up?

The Affordable Care Act has specific laws in place that require insurance companies to justify any rate increase.  The Department of Financial Services has confirmed that the premium rates on the Marketplace are over 50% lower than market rates. Beginning in 2014, some individuals may be eligible for premium credits or reductions on cost-sharing based on their incomes. One of our main goals continues to be to deliver quality healthcare coverage to all our members at affordable rates.  

To read more, visit http://www.metroplus.org/MarketPlus/Exchange-Plans-FAQ