Vermont first state to reach health insurance marketplace milestone
Vermont became the first state in the union on Wednesday to finalize both premiums and choices for its health insurance marketplace, which will officially go live on October 1 with other marketplaces around the nation.
Through Vermont Health Connect, the state’s citizens will be able to compare up to 18 plans and premiums and have access to financial help to lower the cost of the plans.
“All health insurance plans offered through Vermont Health Connect are designed to meet the needs of individuals, families and small business owners across the state,” said Mark Larson, commissioner of the Department of Vermont Health Access. “Vermonters have been asking about what they should expect, and we are pleased to provide individuals and small businesses the time to review their options between now and the start of open enrollment this October.”
Vermonters can now view plans and premiums at VermontHealthConnect.gov.
The plans are offered at four levels: Platinum, Gold, Silver and Bronze. The levels vary in the amount of premium versus out-of-pocket costs, and those purchasing as individuals and employees alike may pick the plan that best meets their medical needs and budget.
The average single Vermonter making $35,000 per year would qualify for financial assistance and pay about $230 per month for a Bronze plan. A family of three making $60,000 per year would qualify for financial assistance and pay about $340 per month for a Bronze family plan.
