By: Mike Dennison
For the 50,000 Montanans still buying health insurance on the federal “marketplace,” rates for 2019 policies may be going up slightly or not at all, MTN has learned.
Also, federal subsidies likely will continue to offset the cost for the vast majority of people buying the individual policies next year in Montana…
The three companies filed their proposed rates for 2019 marketplace policies on Thursday, with the state auditor’s office. The proposed new rates won’t be made public for a couple of weeks, but sources told MTN News the average percentage increases range from around zero to the low double digits.
State Auditor Matt Rosendale’s office will review the rate proposals.
Montanans who don’t have health coverage through their job or elsewhere can buy an individual policy through the online marketplace and, if they’re eligible, get a federal subsidy to help pay for it. Subsidies are available for most consumers who earn up to 400 percent of the federal poverty level, which is about $48,000 a year for a single person and $65,000 for a couple.
Read more at KBZK