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2015 Missouri Health Insurance Marketplace Update

Written by: PeopleKeep Team
September 22, 2014 at 2:00 PM

MissouriWith open enrollment for health insurance coverage for 2015 right around the corner, many of the Marketplaces are releasing their approved individual and small employer health plan rates for 2015. This article provides an overview of health insurance rates for Missouri in 2015.

Missouri Health Insurance Marketplace- Approved Carriers for 2015

So far, there are two insurance companies offering individual health insurance plans through Missouri’s federally-run Marketplace. The carriers are:

1. Coventry Health Care

2. Anthem Blue Cross and Blue Shield

These carriers are offering 22 different plans throughout the state. The health insurance Marketplace will be available for open enrollment for coverage in 2015 on November 15, 2014.

Missouri Health Insurance Exchange- Individual Plan Rates

The chart below shows available monthly rates for a 30-year-old, a 50-year-old, a family of four with 30-year-old parents and two children, a single parent family of two with a 30-year-old-parent and one child, and a 30-year-old couple without children. These plans are divided into the four “metallic tiers” of coverage to compare plans by level of coverage.

This data is for individuals living in St. Louis County, Missouri. Premium rates will vary based on carrier, plan, age, region, family size, and tobacco use.

  Age 30 Age 50 Family
of 4
Platinum n/a n/a n/a n/a n/a
Gold $232 $364 $721 $361 $463
Silver $213 $335 $664 $332 $426
Bronze $160 $251 $590 $295 $378

Source: HealthCare.gov (click link for detailed rates by region and plan)

Missouri Health Insurance Marketplace- Premium Tax Credits

The above rates reflect the premium prices before any cost-sharing or premium tax credits, which may further decrease healthcare costs for eligible consumers. The actual premium amount that Missouri residents will be responsible for will depend on their household income.

The premium tax credits cap the cost of health insurance at two to 9.5 percent of the household income for enrollees for households with income up to 400 percent above the federal poverty line (FPL).

Additional Resources

For information on how to apply for individual health insurance on the Health Insurance Marketplace see: How to Apply for Individual Health Insurance in 2015.

More information on the federally run Missouri Health Insurance Marketplace is available at healthcare.gov.

To see rates from last year, see Missouri Insurance Exchange Update- Health Plan Rates

To see information on health insurance options for small businesses in Missouri, see Missouri Small Business Health Insurance Information

Questions about the individual and family health plan rates for the Missouri Health Insurance Marketplace? Leave a comment below.

Topics: Affordable Care Act, Health Insurance

Additional Resources

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