There's no way of knowing what premium costs will be in a few years, but here's what lawmakers aim for the Affordable Health Care Act to do to keep prices down.
First, insurance companies will be required to pay 80 cents out of $1 collected in premiums to actual medical expenses.
If they don't do that, they'll have to pay out rebates to customers, so it would benefit companies to keep premiums low to compete for your business.
Also, federal and state governments have the opportunity to review any increase of 10% or more.
One goal of the AHCA is to bring more people into the risk pool which also reduces costs for insurance companies who can then offer lower rates to customers.
As of next January 1, 2014, premiums can not be based on preexisting conditions, health status or sex.
In addition, if you opt for the silver plan and qualify for the tax credit based on your income, your costs would stay the same because if premiums increased, your tax credit would also increase.
Finally, if the cheapest plan through the marketplace is more than 8 percent of your income, you will be exempt from the required insurance and you won't be charged a fine.
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