Town given Obamacare insurance break, but faces additional costs in 2015

SUMMIT — An insurance agent told Summit officials they will get a one-year reprieve from new regulations under the Affordable Care Act for employee health care benefits, but the mandates will likely translate into additional costs in 2015.

Other small towns can likely expect to hear similar news, The Enterprise-Journal reports. Ricky Johnston of the Oakes & Johnston Agency says that since Summit is considered a small group with fewer than 50 employees, it can renew its policy before Dec. 31 to be covered under mostly current terms through 2014.

The town pays $354 per employee per month for the premiums it has with Blue Cross/Blue Shield, with supplemental coverage from Amfirst.

Employees have a $250 deductible under the plan and can face up to $1,500 in out-of-pocket costs.

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One Response to “Town given Obamacare insurance break, but faces additional costs in 2015”

  1. Latest Group Health Plans + Mississippi, Small Business Health Plans + Mississippi, News | Affordable Health Care MarketPlace Says:

    […] Town given Obamacare insurance break, but faces additional costs in 2015 SUMMIT — An insurance agent told Summit officials they will get a one-year reprieve from new regulations under the Affordable Care Act for employee health care benefits, but the mandates will likely translate into additional costs in 2015. Other small … Read more on Mississippi Business Journal (blog) […]

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