3 things to know about the 2020 federal health insurance exchanges

CMS said Oct. 22 that the average premium for silver plans on the ACA health insurance exchange fell for the second year in a row.

Three things to know about the 2020 federal health insurance changes:

1. In 2020, the average premium for the second-lowest cost silver plan on HealthCare.gov will decrease by 4 percent for a 27-year-old.

2. Twenty additional payers will sell individual health plans in states using the federal health insurance exchange platform. In total, 175 health plans will be available, up from 132 in 2018.

3. Six states will see double-digit percentage declines in average premiums for silver plans serving 27-year-olds: Delaware (20 percent), Nebraska (15 percent), North Dakota (15  percent), Montana (14 percent), Oklahoma (14 percent), and Utah (10 percent). The decreases come after widespread premium increases in 2017.

More articles on payers:
CMS sanctions UnitedHealthcare plan: 3 things to know
UnitedHealth posts $5B profit in Q3
UnitedHealth, Optum offer care + coverage under new package

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months