Health Care reform won't look the same for each person. Younger, healthier people could pay more. Older, sicker people could pay less.

The Affordable Care Act (ACA) will make it easier for millions of people in the U.S. to get coverage and more insurance benefits. With new taxes, new benefits, new ratings for calculating premiums (or monthly payments), many may see costs go up.

But tax credits or grandfathering status will help soften the impact. Here's what you need to know about the ACA that will change what you pay for insurance:

  • New taxes and fees. The ACA has eight new taxes and fees that will affect insurers, employers and individuals. These new taxes and fees will drive the rates up for many people.
  • New benefits, new costs. The new law says insurers must offer a standard package of essential benefits. These include a bigger list of benefits in 10 groups:
    • Ambulatory care
    • ER
    • Hospital stays
    • Lab services
    • Maternity care
    • Mental health
    • Vision and dental for children
    • Prescription drugs
    • Preventive wellness
    • Rehab care
  • New formulas for what you pay. The ACA requires a new formula to decide how much your health insurance will cost. Your rates can no longer be based on your health status.
  • Rating limits on premium differences by age. The ACA puts limits on how much the cost of insurance can differ based on your age.

So younger people, who are usually healthier, will pay higher rates than they pay now. And those who are older and often sicker likely will pay less.

Where Does Your Blue Cross Premium Dollar Go?

Visit our website to find our Marketplace products

We are working with all of our customers to find plans to meet their needs at a price they can afford. We will make shopping for insurance easy. You will be able to shop on the Blue Cross website for the plans we will sell on the Health Insurance Marketplace.

Need Help?

Contact an authorized
Blue Cross
agent for expert advice.