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Zero-Premium Health Insurance Plans Became More Prevalent In Federal Marketplaces In 2018

DOUGLAS KEITH BRANHAM | May 27, 2019 | 189 views

The Affordable Care Act established two federally funded subsidiescost-sharing reductions and premium tax credits-available in the health insurance Marketplaces. In 2018 federal payments to insurers for cost-sharing reductions were terminated. Insurers responded by increasing plan premiums to account for the loss of these payments. Premiums for silver plans were increased more than those for other metal tiers because cost-sharing reductions are available only in silver plans, while premium tax credits can be applied across different metal tiers. One consequence of greater premium increases for silver plans was the increased availability and selection of plans with zero premiums for consumers.

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