News 12 at 11 o'clock/ Wednesday, Sept. 25th, 2013
AUGUSTA, Ga. (WRDW) -- In less than a week the first parts of the Affordable Care Act will go into affect. Wednesday, the Department of Health and Human Services released numbers by state of how much health insurance under the act will cost.
News 12's Hope Jensen sat down with Ron Skenes of Christ Community Health Services to break down the numbers locally.
"In a nutshell it's a way to provide medical coverage for folks who before did not have any medical coverage, any medical insurance," said Skenes.
He says even put simply the 900 page Affordable Care Act is still pretty complicated. He works with the uninsured on a daily basis at Christ Community Health Services in Augusta.
"About 65-70 percent of our patients don't have insurance," explained Skenes.
That will change though beginning January 1st when the law goes into effect.
"There is a component in the law that requires everyone to get health insurance and there will be a fine starting next year for anyone who doesn't have health insurance," said Skenes.
So what will health insurance cost you? The newest numbers give a glimpse of the price of premiums.
"This is the first time that I'm aware of that we've actually seen real numbers for Ga and SC about what we estimate that these insurance plans are going to cost," said Skenes. "There's been a lot of discussion since the original legislation was passed about what is this going to cost well now we can start to see that."
The numbers show for a 27 year old with an income of $25,000 with the second lowest tier of coverage, a silver plan, It will cost around 221 dollars per month in Georgia and 223 in South Carolina before tax credits. After tax credits it drops to $145 in both states.
"When you look at the two states they are very similar," said Skenes.
For a family of four with an income of $50,000 the silver plan will cost around 800 dollars in Georgia and 809 in South Carolina. After tax credits it drops to $282 in each state.
Even though it will vary not only by state, but also by city and individual, Skenes says these numbers are the first real understanding we have of how much you will pay.
"This really will give someone a good starting point to understand how much insurance is going to cost," he said.
Everyone's situation is different so take these numbers with a grain of salt.
There are 4 tiers of coverage bronze, silver, gold, and platinum.
There will be a fine if you do not get health insurance. The first year it will be 95 dollars, year two around 295 dollars and year three could be around 695 dollars.
For more information on the breakdown by state click here: http://aspe.hhs.gov/health/reports/2013/MarketplacePremiums/ib_marketplace_premiums.cfm