Q:

Where can I learn about the latest health insurance rates?

A:

Quick Answer

The most current health insurance rates made available to Americans under the Affordable Care Act of 2010 can be accessed by visiting the official Healthcare.gov website. Rates for individuals and families vary based on factors such as location and income levels, so online calculators are available to estimate coverage costs.

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Where can I learn about the latest health insurance rates?
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Full Answer

Major determining factors for health insurance rates under the ACA law are a person's income level, family size and the cost of living in the state where he resides, as evidenced by online calculators provided by the Kaiser Family Foundation. A large portion of people who apply for coverage on the federal or state insurance marketplaces qualify for tax credits that can significantly reduce the amount paid for coverage, states Healthcare.gov's one-page guide to coverage.

Although health care plans must adhere to certain federal guidelines, such as a ban on denying coverage for pre-existing conditions, there are still differences in coverage depending on where a person lives. For example, Washington State, one of the many states that established its own state-insurance exchange model under the ACA law, expanded Medicaid and the Children's Health Insurance Program eligibility for low-income individuals and families, states the Washington Health Benefit Exchange.

Plans are divided into five levels, as of 2015, which include Bronze, Silver, Gold, Platinum and Catastrophic, each explained on the Healthcare.gov and on individual state insurance exchange websites. People exploring rates for health care coverage should take into account the varying costs based on deductibles, co-payments, coinsurance and out-of-pocket maximums.

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