LANSING, MI (AP)-- The Obama administration says Michigan residents required to shop for health insurance starting next week will pay an average $306 a month before tax credits for a mid-range benchmark plan.
That's below the national average of $328 and ranks 29th lowest out of 47 states for which data was available. People will pay dramatically different premiums depending on their income, family size, age, hometown and tobacco use.
When a tax credit is factored in, a 27-year-old in Michigan making $25,000 a year will pay on average $145 per month for a benchmark policy. A family of four with $50,000 in annual income will pay $282.
The figures are only averages. The state plans to release specific rates for plans offered by 13 insurers on October 1.
