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.
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