A new study from the Kaiser Family Foundation said that consumer insurance premiums will generally be lower than people think through the Affordable Care Act.
"While premiums will vary significantly across the country, they are generally lower than expected," according to the study.
Click here to see the study.
Click here for an April story from Nooga.com about local premiums.
President Barack Obama's Affordable Care Act will provide health care coverage to 30 million people.
Last summer, the Supreme Court ruled that the core of the health care reform act was constitutional.
Some of the act's requirements have already been implemented, and others will continue to be rolled out in coming years.
Under the act, marketplaces are being created, which will allow individuals and small business owners to shop for insurance coverage via Internet-based exchanges.
Enrollment for the exchanges starts Oct. 1, and coverage will be effective in January 2014.
People who don't already have insurance have to buy it through the exchange or pay a "shared responsibility payment" to the federal government, according to the Supreme Court ruling.
The subsidy varies by person, based on income and household size.
For the first year, the penalty for an individual who doesn’t sign up for insurance is $95 a year or 1 percent of a person's income, whichever is greater, and $47.50 for children, according to Nooga.com archives.
Leaders with American Exchange, BlueCross BlueShield of Tennessee and ExHale Healthcare Advocates—which uses industry experts to help individuals get the most out of insurance plans—recently told Nooga.com that the general public needs more education about the Affordable Care Act.
American Exchange is a new local company whose leaders are helping residents nationwide connect with health insurance through marketplaces that are opening soon.
David Yoder with American Exchange said Monday that insurance companies were given an extension and don't have to release final rates until Oct. 1.
American Exchange leaders also gave Nooga.com examples of how much insurance might cost for young people:
—A single 25-year-old male who makes $25,000 a year and who is not covered by an employer could get insurance for $80 to $90 a month after subsidies.
—A 24-year-old who makes $17,000 a year could get coverage for $12 a month.
But leaders have also stressed it's hard to make broad conclusions on this issue because each person's individual situation (income, number of dependents) impacts the cost.
Certain people also qualify for government subsidies, which will impact the cost of insurance for some people.
Leaders with the Chattanooga Area Chamber of Commerce's Hixson Council will discuss the effects of the new Affordable Care Act on small businesses at the Sept. 18 monthly meeting.
Updated @ 1:07 p.m. on 9/9/13 to add more information as it became available.
Click here for information about that info session.
Sign up for our email list to get your morning news delivered directly to your inbox. All we need is your email address.