Impact of cost sharing reductions on deductibles and out-of-pocket limits

Impact of cost sharing reductions on deductibles and out-of-pocket limits

Collection:
Health Policy and Services Research
Series Title(s):
Issue brief (Henry J. Kaiser Family Foundation)
Author(s):
Rae, Matthew, author
Claxton, Gary, author
Levitt, Larry, author
Contributor(s):
Henry J. Kaiser Family Foundation, issuing body.
Publication:
Menlo Park, CA : Henry J. Kaiser Family Foundation, March 2017
Language(s):
English
Format:
Text
Subject(s):
Cost Sharing
Deductibles and Coinsurance -- economics
Health Care Reform -- economics
Health Insurance Exchanges -- economics
Financing, Government
United States
Genre(s):
Technical Report
Abstract:
The American Health Care Act (AHCA) proposes several changes to the financial support available to people enrolling in nongroup coverage. In addition to modifying the premium tax credits that people would get, the AHCA would eliminate the provision that reduces the cost sharing burden for lower- and moderate income enrollees who get their coverage through the federal or a state marketplace. The cost-sharing reductions are a key part of the financial support currently provided to these enrollees; over 6.4 million people were enrolled in a plan with reduced cost-sharing in 2016 (See State Health Facts). This note briefly describes the cost-sharing reductions in current law and illustrates their impact by looking at how these provisions affect average deductibles and out-of-pocket maximum limits in benchmark silver plans in 2017 in states using the federally facilitated marketplace.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (6 pages))
Illustrations:
Illustrations
NLM Unique ID:
101707651 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101707651