South Florida Insurance Rates Will Be Among Lowest In State, Report Says
Miami-Dade and Broward County residents who buy health insurance through federally run online marketplaces opening Tuesday will be paying some of the cheapest rates available in Florida, according to federal data released Wednesday.
A report from the U.S. Department of Health and Human Services shows how many insurance issuers will be offering plans in each county, what tiers those plans will be on and how much the average resident would pay before tax credits in certain tiers.
For example, in Broward, at least eight insurers will offer a total of 136 plans in platinum, gold, silver, bronze and catastrophic tiers. A 29-year-old resident there would pay an average monthly premium of $91.62 for a catastrophic plan, $136.80 for the lowest-cost bronze plan, $185.62 for the lowest-cost silver plan and $201.31 for the lowest-cost gold plan — all before tax credits that would help cut the costs for some low- and middle-income consumers.