Insurance rates on Affordable Care Act exchange for Illinois stabilizing
Illinoisans shopping this fall on the state’s online health-insurance marketplace for 2019 coverage will pay the smallest average annual rate increases in at least three years.
“In fact, many consumers may see a decrease in rates,” Jennifer Hammer, director of the Illinois Department of Insurance, told The State Journal-Register on Friday.
Consumers will see average 4 percent increases in monthly premiums for “silver” plans and 6 percent increases for “bronze” and “gold” plans on HealthCare.gov, Hammer said.
Those increases are based on rates submitted to the state by insurance companies that plan to participate in Illinois’ health-insurance exchange.
Read more: http://www.sj-r.com/news/20181006/insurance-rates-on-affordable-care-act-exchange-for-illinois-stabilizing