As monthly premiums for the most popular plans offered under the Affordable Care Act are seeing a 10.1 percent spike up from 2015*, GOBankingRates conducted a study to see which states’ residents are paying more (or less) for health insurance in 2016 – and what they’re getting for their money.
New York residents pay the most for basic health insurance, whereas residents of New Mexico pay the least, according to a new study released today by leading personal finance website GOBankingRates.com.
The study compared silver plans ? the most popular plan according to the Department of Health and Human Services ? offered through the national or state-level insurance exchanges administered through the Affordable Care Act.1
The lowest-cost silver plans for each state were ranked based on the favorability of the following cost factors:
The plan’s monthly premium
The deductible
The emergency care copay
The copay for care from a primary physician
To see full details on the methodology, visit:
http://www.gobankingrates.com/personal-finance/10-best-worst-states-health-insurance-costs/
