The approximately 243,000 Marylanders enrolled in individual exchange plans will see an average 33 percent premium increase for 2018.
The Maryland Insurance Administration announced the approved increase Wednesday. It is roughly 10 percentage points below the originally filed 43.1 percent.
Insurance officials attributed the average 33 percent premium increase to "the reinstatement of the health insurer fee" as well as "healthy members leaving the market," among other factors.
Bloomfield, Conn.-based Cigna will no longer offer individual exchange plans in Maryland next year, leaving Baltimore-based CareFirst BlueCross BlueShield and Oakland, Calif.-based Kaiser Permanente as the two insurers offering such plans in the state. Open enrollment for 2018 begins Nov. 1.