ACA Choices for South Carolina, 2016

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5. Federal exchange.

The differences are between localities and markets. It's still a system of private health insurance providers. As it happens, a lot of private health insurance companies have decided to compete in our geographical market.

The choice of plans available in our market is remarkable. There are around 25 silver plans and 18 gold plans being offered.

For the past 15 years prior to the ACA, our premiums increased on average 7-1/2% per year, every year. The first year the federal exchange opened, our premium increase was around 2%. It was about the same the next year. But this year we're ditching our old group plan and purchasing from the exchange. My premium will actually be LOWER, even while deductible and out-of-pocket maximums are more favorable.