HHS: Majority of Plans Purchased on HealthCare.gov With Tax Credits Cost Less Than $100

A new HHS report has found 69 percent of insurance enrollees who had tax credits applied to health plans purchased on the federal marketplace have premiums of $100 or less per month.

The report found 46 percent of insurance enrollees who selected plans on the federal marketplace have premiums of $50 or less a month.

The cost of the average monthly premium for all plan types dropped from $346 to $82 — a 76 percent decrease — when tax credits were applied.

The report also found people who purchased silver plans — the most popular type of plan in the federal marketplace — with tax credits pay an average premium of $69 per month.

"What we're finding is that the marketplace is working," said Sylvia Burwell, HHS secretary, in a news release. "Consumers have more choices and they're paying less for their premiums."

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