With the exchange now live, there has been some clarity in the carriers and rates for the Illinois state exchange. Consumers in Cook County will be able to choose plans offered by five carriers – Aetna, Blue Cross Blue Shield of Illinois, Coventry, Health, Humana, Inc. and Land of Lincoln Health.
However, only BCBS and Land of Lincoln are offering both individual and small-group plans throughout the state. BCBS is offering 16 individual plans and 19 small businesses; Land of Lincoln is offering 19 individual and 16 small group plans. Offering the most individual plans – more than 30 different options – is Humana and Coventry.
While the rates being charged are still a bit murky, Land of Lincoln did issue some details on its 2014 plans. Here is what they show: without factoring in subsidies, monthly premiums range from $107 for a nonsmoker under age 21 who lives in Moline to $1,113 for a 64-year-old smoker in Lake County. Deductibles range from $500 to $6,250.
For a 30-year-old in Chicago making more than $46,000 a year, bronze plans have monthly premiums ranging from $195 to $236. Annual deductibles in those plans are $4,000 to $6,250. If the same person made just under $16,000 annually, monthly premiums drop to $66 to $107 with federal subsidies.
While these examples are in no way comprehensive, they can serve as a starting point for individuals who have been looking to plan their monthly budgets by including health insurance costs.