As Obamacare Premiums Rise, Term Health Insurance Plans Help Fill the Affordability Gap

/EINPresswire.com/ -- MOUNTAIN VIEW, CA -- (Marketwired) -- 10/28/15 -- A study released today by AgileHealthInsurance shows that 69 percent of term health insurance plans selected on its website had monthly premiums of $100 or less. Plans with monthly premiums of more than $100 but at most $200 were also popular, accounting for 21 percent of plan selections.

The average premiums on AgileHealthInsurance.com align well with recent news regarding premium affordability. A 2015 survey by insurance research and comparison firm HealthPocket found that $100 or less was the highest monthly premium 57 percent of adults nationwide could afford to pay for health insurance. The average monthly premium for term health insurance plans selected on AgileHealthInsurance.com was $97.

The average premium for AgileHealthInsurance's term health plans invite cost comparisons with the average premiums observed on HealthCare.gov, the government marketplace for privately purchased Obamacare plans. On HealthCare.gov, the health plans have broad benefits but have very different costs based on whether an individual is eligible for a subsidy. The average monthly premium for 2015 plans sold on HealthCare.gov is only $101 with subsidies, but for individuals without subsidies, the average premium is $364. In comparison, AgileHealthInsurance's average premium was 73 percent less expensive than the average premium without subsidies on HealthCare.gov.

"The government health insurance marketplace has not fulfilled the promise of lower premiums for those consumers who are not eligible for a substantial government subsidy," said Bruce Telkamp, CEO of AgileHealthInsurance. "Fortunately for consumers, the private health insurance marketplace is helping to fill this affordability gap with new term health insurance products."

Term health insurance plans are a compelling alternative for dissatisfied Obamacare consumers who struggle with the cost of those plans. Term insurance plans have broader provider network coverage than most Obamacare plans so enrollees can go to most doctors and still be covered. Out-of-network coverage is available in 100 percent of term insurance plans sold on AgileHealthInsurance.com.

Term health insurance represents a distinct category of health insurance and does not provide identical coverage as Obamacare plans, and benefit and eligibility differences contribute to the cost savings observed. Consumers apply and, depending on their health status (including pre-existing conditions), they may or may not be eligible for specific plans. Consumer applications are approved or rejected based on health status (including the nature of pre-existing conditions). Additionally, with term health insurance, consumers may still be subject to the Obamacare Tax unless they qualify for one of several exemptions from the tax. The cost of term health insurance is so affordable that even for some consumers facing the tax penalty, the combination of penalty and premium is still less expensive than an unsubsidized Obamacare premium. Read the article on AgileHealthInsurance's Learning Center at www.AgileHealthInsurance.com.

AgileHealthInsurance is the internet's first site dedicated to helping consumers understand the benefits of Term Health Insurance. These new plans are the culmination of extensive research on health insurance needs in the Affordable Care Act era and consumers will be able to find the lowest prices for these plans on AgileHealthInsurance. AgileHealthInsurance also provides best-of-class plan comparison and online enrollment tools to accompany these new plans. Additional information about AgileHealthInsurance can be found at www.AgileHealthInsurance.com.

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