How to Find Affordable Insurance Coverage in Alabama
People who buy coverage on the state-run insurance agency can expect to pay more than $1,000 per month, but that doesn’t mean they’re getting a better deal than those with local insurers.
Alabamians with private insurance are getting $1.30 per month less per month than those who buy on the exchange, according to a recent analysis by the Alabama Insurance Agency.
That’s because the state is paying out less per person than it was in 2015, when the Affordable Care Act passed.
It’s not clear how much more that will change over time, but according to the AJC, that’s because Alabama has set a cap of $9,000 on the amount of coverage it offers in 2017.
That means that a family of four who bought a $1 million policy on the Alabama exchange will have to pay $4,000 in premiums in 2018, $3,000 for 2019 and $1 in 2020.
The state has been trying to get people on the Affordable Choice Program, which was launched in 2015 to allow people to purchase health insurance on the ACA’s exchange without having to go through the insurance agency.
That program has been a hit for the state, but it’s still far less affordable than the state’s own private insurance.
In addition, Alabama’s insurance commissioner said last week that it will no longer be paying for most medical care, including surgeries.
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