Colby Itkowitz and Tim Darragh report on some early estimates that Obamacare premiums will be, on average, about 16% lower than originally projected by the Congressional Budget Office. Premiums will vary by location, age group, and other factors but here is a sample of what Pennsylvanians can expect:
In Pennsylvania, a 27-year-old choosing a mid-level silver plan, which would cover about 70 percent of medical costs, would pay $187 a month. If that person earned $25,000 annually, he or she would be eligible for tax breaks and the monthly cost would drop to $145 for the same plan.
A family of four, defined in the example made public Tuesday by the Obama administration as a 40-year-old adult, a 38-year-old adult, and two children under the age of 18, would pay on average $675 a month for the standard silver plan.
If that family earned $50,000 a year, they’d be eligible for tax breaks on their premiums. After those breaks, their cost per month for the same plan would be $282.
Tax breaks are available for individuals making less than $45,960 and for a family of four earning less than $94,200. The tax breaks grow as income declines, targeting resources to the most needy.