‘Simple choice plans’ will be available for 2017 exchange customers
Insurance coverage with standardized deductibles, out-of-pocket spending limits and co-pays will be available during the next open enrollment period for health insurance marketplaces, according to Kaiser Health News.
The goal is to make it easier for customers to compare plans.
While insurers aren’t required to offer these plans, CMS has provided guidelines for six new designs: one each at the bronze, silver and gold levels, and then another three more silver-level options for customers who qualify for cost-sharing reductions.
The guideline for the simple choice silver plan said the deductible would be fixed at $3,500 with a maximum out-of-pocket limit of $7,100. Copays would be fixed at $30 for primary care visits, $65 for specialist visits and $75 to visit an urgent care facility.
To read more about these new plan options, click on the link below:
John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.