HHS releases numbers for Missouri health exchange

HHS releases numbers for Missouri health exchange

(KFVS) - Federal officials released an example of what Missourians could pay for healthcare.

Missourians could have fewer policy choices than residents in most states, according to new federal figures.

According to the report by the Department of Health and Human Services, Missouri consumers will be able to choose from an average of 17 health plans in the Marketplace.

Consumers can pick from four levels of coverage, from bronze to platinum. Bronze covers 60% of expected costs; silver, 70%, on up to platinum at 90%. Bronze plans have the lowest premiums and the highest cost sharing.

In Missouri, the average premium for the lowest-cost silver plan will be $318 and for the lowest cost bronze plan it will be $245. The average premium nationally for the second lowest cost silver plan will be $328 before tax credits.

The report shows that a 27-year old living in Missouri who makes $25,000 per year will pay $87 per month for the lowest cost bronze plan and $145 per month for the second lowest cost silver plan, taking into account tax credits. For a family of four in Missouri with an income of $50,000 per year, the lowest bronze plan would cost only $72 per month.

All the details of the Missouri Exchange won't be known until just before the October 1 enrollment start.

Missouri's largest health provider, BJC Healthcare likely won't be a part of the state's new health insurance exchange that opens for enrollment next week as part of the federal health care reform.

Reports say it's because of its high medical charges.

Copyright 2013 KFVS. All rights reserved.

The Associated Press contributed to this report.