El Paso Health Insurance Consumers Could Experience Higher Premiums Next Year

El Paso health insurance premiums and deductibles potentially may increase by at least 10 percent due to numerous changes occurring in the healthcare industry.

El Paso, United States – March 30, 2018 /PressCable/ —

Healthcare experts are estimating at least a 10 percent rate hike for El Paso health insurance consumers in 2018.

The changing dynamics of the competitive health insurance marketplace has been cited for potential premium spikes projections as well as Congress not allocating money to stabilize individual coverage under the Affordable Care Act (ACA), commonly known as Obamacare. The proposed changes would have included reinsurance programs and funds to assist consumers with co-payments and deductibles. Health care experts have estimated that if stabilization efforts are implemented in forthcoming spending bills, premiums for health insurance in El Paso (and nationwide) for individuals who purchase insurance on their own could fall by 10 percent in 2019 and and 20 percent in later years.

“Providing assistance for individuals and families to subsidize healthcare costs is always a good thing. Hopefully, we’ll see some of those necessary proposals become available to recipients soon,” says Rick Thornton, an El Paso health insurance agent for Insurance4Dallas.

Cost-sharing reductions (CSRs) which assisted consumers enrolled in various subsidized plans pay for their co-payments and deductibles were eliminated in 2017. There has been a bipartisan effort in Congress to introduce various bills to re-introduce elements of the CSRs. Health insurance providers have noted that historically as more people sign up for coverage through ACA, individual market sizes increase leading to a greater number of options offered and lower pricing.

Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.

Contact Info:
Name: Rick Thornton
Email: mail@insurance4dallas.com
Organization: Insurance4Dallas
Address: 6112 North Mesa Street # 6041, El Paso, Texas 79912, United States
Phone: +1-915-235-1974

For more information, please visit http://insurance4dallas.com/el-paso-health-insurance

Source: PressCable

Release ID: 323296