Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
In some states, clients find insurance costs are at a premium
Bill Cass, CFP®, CPWA®, September 18, 2014
Cost is the top concern for many clients inquiring about the impact of the Affordable Care Act (ACA). In some states, health insurance premiums are rising, while others are experiencing a reduction.
Several factors create this cost disparity, as reviewed by Chris Hennessey in the video. The ACA may cause higher or lower premiums depending upon:
If the state was already highly regulated prior to the passage of ACA
The size and age of state population
The level of competition that exists on the state’s health-insurance exchange