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Posted by: Maricopa Lawyers on Sep 23, 2013

With new health insurance markets beginning on October 1st, the Obama administration is releasing premiums and plan choices for Arizona and 35 other states, with the federal government taking the lead in covering uninsured residents.

The monthly premiums for a mid-range benchmark plan will average $328 a month nationally for an individual, comparable to the payments of the new car. Keep in mind that these prices come before tax credits which act much like a federal tax return.

The overview of premiums and plan choices released by Health and Human Services Secretary Kathleen Sebelius, comes as the White House make the push to prom the benefits of the Affordable Care Act or “Obamacare” to the wary public.

All of this comes as Congressional Republicans continue their crusade to derail the ACA and threaten a government shutdown to force the issue.

In a preview call with reporters, Sebelius asserted the details of the law. Consumers will be give the choice between an average of 53 plan options in the new markets for people who do not receive healthcare through their employer.

“For millions of Americans, these new options will finally make health insurance work within their budgets,” she said.

A report from Health and Human Services estimated that 95 percent of consumers will have two or more insurers to choose from. Additionally, premiums should be lower than what the congressional budget experts estimated when the legislation was being fiercely debated.

Your location, the plan you pick, family size, age, tax credits and tobacco use will all impact the bottom line. All of these distinct variables make determining an average price hard to define.

Finally, the uninsured can choose between receiving a premium or engage in a cost sharing method, in which premiums are lower but an individual’s monthly payments are also significantly lower.

Educate yourself by reading the language of the Affordable Care Act here.