Wisconsinites Should Expect Higher Deductibles On Federal Marketplace

Insurance Premiums Expected To Rise By Smaller Margin

Morgan (CC-BY)

Premiums for health care plans sold on the federal marketplace in Wisconsin have increased 4.2 percent from last year, while out-of-pocket costs have increased even more dramatically.

Open enrollment on the federal exchange begins this Sunday.

There are a lot of high-deductible plans being sold on HealthCare.gov. According to analysis by Citizen Action of Wisconsin, deductibles on average will rise 40 percent next year in the state for a 40-year-old person purchasing the second-least costly plan, also known as the “silver” plan.

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Citizen Action of Wisconsin’s executive director Robert Kraig said it’s important to look at both premiums and out-of-pocket costs.

“If you think you’re likely to use your health insurance a lot in a year, then the deductible becomes exceedingly important,” Kraig said.

The HealthCare.gov portal has been updated for this enrollment period. It now has functions that allow consumers to check for which prescription drugs are covered by plans and which doctors are in-network.

For more information on premiums and deductibles by city, see the chart below: