While 13 insurers in Ohio are requesting premium rate increases — some up to nearly 40 percent — for 2017, subsidies offered through the Affordable Care Act will offset the hikes for a majority of marketplace consumers, Dayton Daily News reported.
During the 2016 open enrollment period, about 195,000 people who purchased private plans through the Ohio marketplace qualified for subsidies, Dayton Daily News reported. On average, monthly premiums increased by $4 dollars last year. Still, 49,000 Ohioans did not receive subsidies this year, and could shoulder full premium increases next year.
Highest rate changes for individual plans include Louisville, Ky.-based Humana at 39.25 percent, Dayton-based Premier Health Plan at 39.23 percent and Cincinnati-based HealthSpan at 31.96 percent. Proposed rates await regulatory approval.