Monthly premiums will rise by an average 25 percent for 2017 individual plans sold on HealthCare.gov, HHS data revealed Oct. 24.
On average, second-lowest cost silver plans sold on HealthCare.gov will jump from $242 to $302 before tax credits. However, the average increase in premium tax credit is 62 percent, meaning average monthly premiums for the silver plans would be $142. Tax credits are available for individuals between 100 percent and 400 percent of the federal poverty level.
Below are the top 10 states with the highest and lowest premium increases and corresponding tax credit increases.
10 highest average permium increases per state
1. Arizona: 116 percent
Average monthly premium: $422, up from $196
Tax credit increase: 428 percent
2. Oklahoma: 69 percent
Average monthly premium: $424, up from $251
Tax credit increase: 161 percent
3. Tennessee: 63 percent
Average monthly premium: $385, up from $236
Tax credit increase: 161 percent
4. Minnesota: 59 percent
Average monthly premium: $340, up from $214
Tax credit increase: 179 percent
5. Alabama: 58 percent
Average monthly premium: $384, up from $244
Tax credit increase: 140 percent
6. Pennsylvania: 53 percent
Average monthly premium: $327, up from $213
Tax credit increase: 164 percent
7. Nebraska: 51 percent
Average monthly premium: $411, up from $272
Tax credit increase: 109 percent
8. Montana: 44 percent
Average monthly premium: $381, up from $264
Tax credit increase: 98 percent
9. Illinois: 43 percent
Average monthly premium: $298, up from $208
Tax credit increase: 140 percent
10. Kansas: 42 percent
Average monthly premium: $308, up from $217
Tax credit increase: 124 percent
10 lowest average premium increases per state
1. Indiana: - 3 percent
Average monthly premium: $229, down from $235
Tax credit increase: - 5 percent
2. Massachusetts: - 3 percent
Average monthly premium: $219, down from $227
Tax credit increase: - 8 percent
3. Arkansas: 2 percent
Average monthly premium: $248, up from $244
Tax credit increase: 5 percent
4. New Hampshire: 2 percent
Average monthly premium: $219, up from $215
Tax credit increase: 7 percent
5. Ohio: 2 percent
Average monthly premium: $226, up from $222
Tax credit increase: 6 percent
6. New Jersey: 5 percent
Average monthly premium: $286, up from $272
Tax credit increase: 12 percent
7. Nevada: 6 percent
Average monthly premium: $249, up from $234
Tax credit increase: 18 percent
8. Michigan: 7 percent
Average monthly premium: $228, up from $213
Tax credit increase: 23 percent
9. North Dakota: 7 percent
Average monthly premium: $288, up from $270
Tax credit increase: 15 percent
10. California: 7 percent
Average monthly premium: $272, up from $255
Tax credit increase: 16 percent
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