Average Benchmark Premium Drops 2%; More Insurers Offer Plans on Federal ACA Marketplace

Average Benchmark Premium Drops 2%; More Insurers Offer Plans on Federal ACA Marketplace

The average premium for the second-lowest-cost silver plan, or benchmark plan, sold through the Affordable Care Act's federal marketplace will be $379 per month for a 27-year-old in 2021, a 2% decrease compared to 2020, according to CMS. Four states will see their average benchmark plan premiums decrease 10% or more year over year, and only North Dakota will see its average premium increase by 10% or more. Of the 36 states using HealthCare.gov, 16 have more insurers selling ACA plans in 2021 than they had in 2020. Only Delaware has just one insurer available to exchange enrollees this year.

 

 

NOTES: CMS reported average benchmark plan premiums only in HealthCare.gov states, which include states with federally facilitated exchange and states with a state-based exchange on the federal platform.

SOURCE: CMS. Visit https://go.cms.gov/35Dfe5U