How Will My Premiums be Affected?

Let’s get to the question on everyone’s minds: What does this mean for me?  The people most affected financially by Obama Care are those who purchase individual policies or get their insurance through a small-business employer.  Of those affected, some customers will pay less than they do now, but many will pay more. Federal subsidies will offset the rates for some people – but many will be eligible for only a partial subsidy.  Here’s how health insurance premiums will be impacted for different people choosing a mid level plan.

But how will Blue Cross and BlueShield of North Carolina’s individual and small business customers be affected specifically?

Because of the impacts of the Affordable Care Act, about half of our customers will see their premiums increase by 50 percent or more before federal subsidies. We expect about half of our customers will qualify for subsidies, which will help off set their costs – though the amount of those subsidies can vary greatly. Of course, subsidies don’t actually reduce the cost of coverage. They simply shift it to someone else. The federal government pays for the subsidies and the cost share shifted to taxpayers.

The above information is from “The Cost of Change” from Blue Cross Blue Shield of North Carolina.

For more information on health insurance coverage in North Carolina, please visit our website at or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). It would be our pleasure to help you navigate through the Health Care Reform changes in accordance with the new regulations of Obama care. Call us for details.

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