Business buzz: Obamacare costs less; Missoula winter market; job-creation grants

csimt Uncategorized

By: Missoulian

Open enrollment for 2020 Obamacare health insurance plans started on Nov. 1, with cheaper prices across the board, according to state auditor Matt Rosendale.

In a press release, his office said every single health insurance plan sold in Montana’s individual market will cost less in 2020 than it did in 2019 due to the Montana Reinsurance Program, with annual premiums being about $1,000 cheaper on average. Prices will drop by as much as $4,500 per year on some plans.

“Premiums will be lower on every single plan that 51,000 Montanans in the individual market depend on,” Rosendale said…

On average, Montanans who currently pay the most for their health insurance will save the most next year. Savings on cheaper plans for younger consumers may be a few hundred dollars, while an older person with more expensive insurance may see savings up to a few thousand dollars.

For a specific example, a 55-year-old living in Flathead County, Lake County, or Missoula County (Rating Area 3) will save over $2,200 next year on Blue Cross’s most popular insurance plan, Rosendale said.

Read more from the Missoulian