Portland Oregon Health Insurance
The people of Oregon who are able to re-enroll in health insurance in 2016 are to face some of the highest increases in the country. However, the premiums to be paid will undoubtedly be some of the lowest ever seen across the country. Oregon residents can sign up, renew, or change their policy on NAC Insurance’s website or just get a quote by clicking here.
The third open enrollment period for the purchase of health insurance in accordance with the federal Affordable Care Act will be in available in 2016. The new information coming from the U.S. Department of Health and Human Services indicates that the state of Oregon will be subject to substantial increases in rates on its Silver Plans.
Portland, Oregon, which represents over half the population of the state, will also be facing sharp increases. Across the range of the 37 states currently using the Affordable Care Act, an average benchmark is to be increased around 7.5 percent in the year 2016. For the participants living in the largest markets, the average rise in premiums is around 6.3 percent. However, for health insurance in Portland, Oregon, the benchmark for the Silver Plan rate is to skyrocket 23 percent. There are only six other states that may face higher rates than this.
What are Oregonians to do?
Despite the towering prices, both Oregon (including the Portland area) will still have some of the lowest premiums in the country, so don’t fear! In comparison to the health insurance Portland, Oregon actual monthly premiums in 2014 and 2015, the new rates will be very low. The reason for this is that the prices for Oregon stared out low because of the many insurance companies that operate in the state. Oregon has some of the lowest rates in 2015, and most of the states with high premiums are to have some of the lowest rate increases, which makes perfect sense.
For health insurance Portland, Oregon policies that were taken out in or around 2013 or 2014, the state of Oregon’s Insurance Division approved rates at an all-time low because the data accumulated on the health insurance market was almost non-existent, and the cost of health care that year was much more than expected. The surplus of insurance agencies combined with scant data created the impression that a surplus of insurance for Oregonians would be the result in 2014 and 2015. However, the turn-out for people who used the insurance exceeded 803 million dollars, and covered costs exceeded 703 million dollars leaving insurance companies footing the bill for around 127 million dollars during that time.