Insurance

Health Insurance Marketplace rates affordable in state

Health Insurance Marketplace rates affordable in state

A report released Friday on the Health Insurance Marketplace finds 82 percent of enrollees in Mississippi could find plans with monthly premiums of $75 or less after tax credits and 85 percent could find plans for $100 or less after tax credits.

The report said 91 percent of returning Mississippi Marketplace consumers could save an average of $513 annually in premiums before tax credits for a plan in the same level of coverage.

"Open enrollment starts Sunday," Health and Human Services Secretary Sylvia Burwell said, "and new and returning Mississippi customers will find quality health coverage at prices that fit their budgets." Nationwide, nearly eight in 10 Marketplace-eligible uninsured consumers can qualify for tax credits to help make premiums more affordable, she said.

In 2016, a 27-year-old in Mississippi with an income of $25,000 a year will get an average tax credit of $87 a month compared with $112 in 2015. A family of four with an income of $60,000 will get an average tax credit of $427 a month compared with $516 in 2015.

Details: HealthCare.gov

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