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Health insurance premiums will go down...some day. Perhaps that day will be sooner than you think.
In October, Open Enrollment begins for 2014 plans. And for many consumers, a federal tax subsidy will be applied to your premium, if you qualify. The subsidy is based on household income so if you are a low-income earner, you will benefit.
So...it appears, for some persons, your health insurance premiums will go down in early 2014. That's not far away!
The PPACA or Obamacare starts the enrollment process October 1, 2013. One of the campaign promises of the health care legislation is that health care insurance premiums will be reduced. Currently everyone under 35 will more than likely see an increase in premiums to pay for older Americans. And although initial projections of premium stability may occur early on, it is projected to increase past current assumptions before 2020. The bottom line: health care premiums will increase.
In October, Open Enrollment begins for 2014 plans. And for many consumers, a federal tax subsidy will be applied to your premium, if you qualify. The subsidy is based on household income so if you are a low-income earner, you will benefit.
So...it appears, for some persons, your health insurance premiums will go down in early 2014. That's not far away!