You probably all know that Health Insurance in Oregon has gone through annual price hikes over the past years.
You probably all know that Health Insurance in Oregon has gone through annual price hikes over the past few years. But the proposed 2018 rates are not as bad as we expected them to be. The average rate changes range from 1.6 decrease with Bridgespan to 14.8 percent increase with Kaiser. But Kaiser is still the most affordable health plan based on a 40 year old enrolling on a silver plan. It is around $355/month without tax credits or financial assistance. Although health insurance premium’s has gone up, it is projected that tax credits or financial assistance from the Health Insurance Marketplace will help offset the premium increase.
The reasons behind…
Rate increases are due to the new administration’s push to repeal and replace Affordable Care Act, continuous rise in medical costs brought about by inflated use & cost of specialized prescription drugs; and most especially, the cost of providing care continues to surpass premiums collected for many insurers.
On a positive note…
Just like anything else in insurance, price hikes is normally expected especially with health insurance. The good news is, Health Plans in Oregon (a licensed health insurance agency) always got your back. Our aim is to find you an affordable health insurance in Oregon. It should fit your personal lifestyle and budget despite all the price changes there might be.
“Although health insurance premiums will be increasing in 2018, for many Oregonians those increases will be offset by corresponding increases in financial help available through Oregon’s Health Insurance Marketplace,” said DCBS Director Patrick Allen.
The final decisions didn’t change much from the preliminary decisions, except Providence Health Plan. It went by an additional 2.2 percent to a total increase of 10.8 percent.
Oregonians that have individual or family health insurance are encourage to apply through the Health Insurance Marketplace to possibly qualify for financial assistance. As one of 24 Oregon insurance agencies selected by the Department of Consumer and Business Services, Health Plans in Oregon is here to explain and simplify the complexities of the health insurance world for Oregonians, and help you through the entire process.
Here’s the proposed final health insurance 2018 price hike for both individual and group health plans.
