Not surprisingly, individuals buying health insurance through Florida’s online marketplace under the Affordable Care Act will not pay the exorbitant rate hikes state officials estimated in July. The U.S. Health and Human Services Department released figures on Tuesday showing that health policies in Florida will be similar to the national average.
A mid-range policy for a 27-year-old in West Palm Beach who earns $25,000 a year would cost $220 a month. The policyholder would be eligible for a $73-per-month tax credit, bringing her cost to $145 a month, or $1,740 a year. A family of four in Boca Raton earning $50,000 a year would pay $282 a month — $3,384 a year — for a mid-range plan after a $517 monthly tax credit. For comparison, the 2013 Employer Health Benefits Survey by the Kaiser Family Foundation and Health Research & Educational Trust found that the average worker with employer-subsidized coverage paid $4,565 annually.
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