Question: Will i get cheaper coverage from a state health insurance exchange?

Answer: No and yes. In general qualified health plans sold through the state-based exchanges starting in 2014 will be higher-priced than the average plan today. That’s because they must contain a minimum of essential benefits which today’s cheaper plans do not cover. However, many millions of Americans will qualify for “advance tax credits” which are federal subsidies for the purchase of private health insurance available only through the exchanges. These subsidies are based in income and are quite generous. For example, subsidies will be available to a family of four with annual income up to $92,000.