HELENA, Mont. (AP) — State officials on Monday released the Montana prices for insurance under the federal health care law insurance exchange, giving consumers their first glimpse of how much the coverage will cost.
Montana Insurance Commissioner Monica Lindeen released pricing details for different plans available from three different companies. The insurance is available in October. Starting next year, those without some sort of health insurance will have to buy it.
The rates show that a 30-year-old could buy plans varying in cost from about $200 a month to $300 a month.
Rates vary with various copays and deductibles available from Blue Cross Blue Shield of Montana, PacificSource and the Montana Health CO-OP.
For instance, a cheaper “bronze” plan from BCBS has copays of 30 percent and a deductible of $3,750. That plan’s cost ranges from $117 a month for children to $330 for those over 50 and, on the high end, $554 for those over 64.
And one more expensive “gold” plan has copays of 20 percent and a deductible of $500. It costs from $168 per month for children, on the low end, and up to $793 a month for those over 64.
Rates released Monday do not include the up-front federal tax credits available for most people that earn less than 400 percent of the federal poverty level, or about $94,000 for a family of four. Those credits cap the percentage of income a person could pay for insurance.