Next week the Green Mountain Care Board will be deciding if they will approve the proposed rates for health insurance plans to be offered on Vermont Health Connect next year, and they will be taking comments until 5:00pm Monday June 17th. Comment now!
Vermont Health Connect is the new online marketplace where small businesses (50 or fewer employees) and individuals in Vermont will buy their health insurance starting in October 2013 for coverage in 2014. Earlier this spring both Blue Cross Blue Shield of Vermont and MVP filed their proposed rates for 2014. These rates are currently under review by the Green Mountain Care Board, and they need to hear from you. – Click here to see the proposed rates
One of the major factors that is being considered by the Board is the affordability of these rates.This is your chance to make sure the Board approves rates that are affordable for you.You can find out what insurance might fit your budget by looking at the plan summaries below and clicking here to see how much you can expect to pay for your monthly premium.
These plans range from platinum plans that have a $150 deductible and a $2,500 out of pocket maximum to bronze plans that have a $3,700 deductible and a $7,650 out of pocket max.
| Plan | Platinum | Gold | Silver | Bronze | Silver HD | Bronze HD |
| Medical Ded. | $150 | $750 | $1900 | $3500 | $1550 | $2000 |
| RX Ded. | $0 | $50 | $100 | $200 | $1250 | $1250 |
| Medical Max | $1250 | $4250 | $5150 | $6400 | $5750 | $6250 |
| RX Max | $1250 | $1250 | $1250 | $1250 | $1250 | $1250 |
There are also some subsidies available to help with these cost for lower and middle income individuals.
| Income (individual) | $34,488 + | $28,740-$34,488 | $28,740-$22,980 | $22,980- $17,244 | $17,244-$15,281 |
| Medical Ded. | $1,900 | $1,900 | $1,500 | $750 | $100 |
| RX Ded. | $100 | $100 | $100 | $100 | $0 |
| Medical Max | $5,150 | $4,000 | $3,000 | $1,250 | $500 |
| Rx Max | $1,250 | $1,200 | $1,000 | $400 | $200 |
(Ded.= Deductible, Max=Out of Pocket Maximum. All assistance reflects the selection of a silver level plan)
For a complete summary of the plan designs click here
This is a great opportunity for consumers to have their voices heard before these rates are set in stone, and you can make a difference. Take a minute to see what these rates will mean to you and make sure to let the Green Mountain Care Board now what you think.