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October 22, 2014, 8:52 am
970 WMAY News

State Releases Initial Price Information For Health Insurance Under New Exchanges

The State of Illinois has released some of the rates that will be charged for health plans through the insurance exchanges that open next week. 


The cheapest plan would cost around $120 a month for a 25-year-old non-smoker in Chicago.  Prices go up from there, depending on age, geography, type of plan, and other factors.  But some of those costs can be offset through subsidies that will be available to low-income households.


Governor Pat Quinn says the rates are 25-percent cheaper than original federal estimates for the coverage. Eight different companies will offer various levels of coverage under the plans to be offered through the exchange.

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