The price of health insurance is coming in lower than expected on the new marketplace under the Affordable Care Act.   It’s 25 percent less than what the federal government projected, according to the governor’s office.  For a 25-year-old non-smoker, insurance can be had for $128 a month in Peoria, $166 in Champaign, and $134 in Saint Clair County – and that’s before tax credits which reduce the out-of-pocket costs for those with low and moderate incomes, says Jim Duffett of the Champaign-based Campaign for Better Health Care.
 
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“If you’re making less than $45,000 a year and you’re single, you’ll be able to get some financial assistance, and what will probably end up with many people’s cases is that they’ll be paying less for a good benefits package than they will on their monthly cell phone package,” he said.  The tax credits for insurance are for those with incomes between 138 percent and 400 percent of the federal poverty level, which varies by family size. The tax credits will vary depending on how close the income is to poverty.
 
The exchange opens Oct. 1, when the range of plans and prices will be shown. Eight insurers are offering 165 plans, the prices of which will vary by county. Everyone will have at least 34 plans from which to choose.
 
Sample insurance rates, for non-smoking individuals, before tax credits are applied:
 
 
Plan type
County
Age 25
Age 40
Age 55
Bronze
Cook
$120
$152
$266
Silver
Cook
$165
$210
$367
Bronze
Peoria
$128
$163
$284
Silver
Peoria
$169
$215
$376
Bronze
Champaign
$166
$211
$368
Silver
Champaign
$215
$274
$478
Bronze
Saint Clair
$134
$171
$298
Silver
Saint Clair
$178
$226
$395
SOURCE: Illinois governor’s office
 
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