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Study: Health Plan Buyers Will Save Money If They Shop

(Kaiser Health News) Millions of consumers who are enrolled this year could pay higher rates if they stay in the same health plan next year, according to a study released [last] Wednesday by the Kaiser Family Foundation.
The KFF analysis found that in nearly three-quarters of counties in 36 states served by healthcare.gov, the lowest-priced silver plan this year will not be the lowest priced next year. People in those plans could save money on premiums by switching to a different silver plan in 2016. (KHN is an editorially independent program of the foundation.)
If they don’t switch, their premium would increase an average of 15 percent before any tax credit is included. More than 80 percent of consumers on the federal marketplace receive a tax subsidy to lower their costs.
Most consumers who previously enrolled on healthcare.gov who don’t actively shop by Dec. 15 will be automatically renewed in the same or a similar plan beginning Jan. 1. Open enrollment on the marketplaces began Nov. 1 and ends Jan. 31.
The lowest-cost silver plan is the most popular selection in the Affordable Care Act marketplaces.
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