CHICAGO (KFVS/AP) - Many Illinois consumers who buy health insurance on the new government-run marketplace will see modest increases in prices for 2015.
Average prices released Friday by Gov. Pat Quinn's administration show the lowest cost silver plans increasing in price by 2.6 percent. Prices vary in different parts of the state, depending on regional competition.
More than 400 plans will be offered for 2015, compared to 165 last year, and state officials are encouraging consumers to shop carefully.
Officials with GCI, or the Illinois Health Insurance Marketplace, stressed that in order to get the best deal possible, consumers need to compare all of the plans that are available in their area.
For example, in some cases in which a plan has premium increases, consumers will be able to find a different plan at the same metal level at a slightly increased or even a decreased premium.
GCI Executive Director Jennifer Koehler said that for consumers who are re-enrolling for the second year, it is important that they update their income information in order to ensure they receive the correct amount of financial assistance.
The following insurers are participating in 2015, including three new ones:
Coventry Health and Life Insurance Company
Coventry Health Care of Illinois, Inc.
Health Alliance Medical Plans, Inc.
Health Care Service Corporation, A Mutual Legal Reserve Company (Blue Cross)
Humana Health Plan, Inc.
Humana Insurance Company
IlliniCare Health Plan, Inc.
Land of Lincoln Mutual Health Insurance Company
Time Insurance Company
UnitedHealthcare of the Midwest, Inc.
The second open enrollment season under President Barack Obama's health care law starts Nov. 15 and runs through Feb. 15. That's when consumers who bought coverage last year can switch policies, and people without insurance can sign up. The Obama administration says consumers will be able to "window shop" for plans starting this weekend.
For more information, or to enroll during open enrollment, you can click here to visit the Get Covered Illinois website. You can also call them at 1-866-311-1119.
Copyright 2014 KFVS. All rights reserved. The Associated Press also contributed to this story.