October 27, 2016 (WOOD) – It’s that time of year when employees are pouring over forms and calling their human resources departments trying to figure out what health care plan is the best. The period to sign up for coverage under the Affordable Care Act, better known as Obamacare, also begins next month.
ACA premiums are expected to increase an average of about 22 percent nationwide in 2017.
“Close to 82 percent of the people who are in the marketplace receive a tax credit which significantly lowers their premium,” said Cherry Health’s Chief External Relations Officer Michael Reagan.
There are also subsidies available for some in the marketplace.