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 The Kaiser analysis found that the premiums for the second lowest
cost "silver" tier plan, upon which government tax credit subsidies
are based, will fall compared with 2014 prices by an average of 0.8
percent in 7 of 16 major cities.
If the trend holds across the country, the study said, the lower
benchmark premium could mean that the government subsidies are less
overall and there are more tax savings.
Private insurers began selling new health insurance plans for
individuals last year for coverage starting in 2014. Plans for 2015
insurance coverage will be up for sale starting on Nov. 15, 2014
when enrollment opens.
Kaiser found that among the biggest changes in pricing were a
decline on average of more than 15 percent in Denver to $211, of 11
percent in Providence, Rhode Island to $260 and of nearly 10 percent
in Seattle to $254.
In Nashville, Tennessee, the silver premium price will rise 8.7
percent to $205, while Burlington, Vermont will have a 6.6 percent
rise to $440 and Portland, Oregon will go up 6 percent to $213, the
study said. The premiums exclude income-based government subsidies.
Including these tax credits, the average in the 16 cities would be a
monthly premium of $208 versus $209 a year earlier, the study found.
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Premiums for the lowest tier plan, bronze, are increasing an average
of 3.3 percent in 2015, the study found.
Kaiser looked at plan premiums before and after federal tax credits
for a 40-year old single adult who is a non-smoker and earns $30,000
per year.
(Reporting by Caroline Humer; Editing by Grant McCool)
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