March 14, 2013

Exchange Board Adopts Increased Deductible Plan

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The board of directors in charge of the virtual marketplace called the Health Insurance Exchange reluctantly voted in favor of increasing insurance deductibles for hospital visits and drugs at its monthly meeting Thursday.

The hospital visit offered as part of the “silver” plan, which is the second lowest of the various plan tiers offered on the exchange, increased from $2,500 to $3,000 and the pharmacy deductible went up to $500— even though the board expressed a desire to get it down to $400. That’s on top of what has been estimated as monthly premiums as high as between $300 and $700 per month and before co-pays for doctor visits.

To read the full report by ctnewsjunkie click here.

 

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