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September 3, 2014, 2:09 am
970 WMAY News

Prices Through Insurance Exchange Higher In Springfield Than Chicago


Springfield and Sangamon County will have higher rates than Chicago and many other parts of the state for most plans under the state’s new health insurance exchange. 

 

A variety of factors go into the pricing in each region of the state… including the number of insurance providers offering plans and the features of each plan they offer.  As a result, prices are higher for the region that includes Springfield than they are in Peoria or Chicago.  The director of the Illinois Department of Insurance says that subsidies and tax credits will help bring those prices down for lower-income households around the state.

 

Appearing live on 970 WMAY's "Jim Leach Show," Andrew Boron says the state will be ready to launch the "Get Covered Illinois" marketplace on October 1.  But it's still unclear how many -- if any -- people in Sangamon County will be certified to assist prospective local customers with purchasing policies through the marketplace.

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