Premiums for many Affordable Care Act health-insurance plans are expected to skyrocket next year, indicating how rising labor costs and other expenses are beginning to reverberate throughout the healthcare economy. Consumers, who can generally begin signing up for plans on Nov. 1, are unlikely to notice much of a difference because of increased federal subsidies,… Continue reading Premiums Set to Rise Sharply for Affordable Health Care Act Plans
Tag: health insurance premiums
Democrats Push to Extend Health-Insurance Subsidies Amid Rising Premiums this Fall
Millions of Americans will learn this fall that their health-insurance premiums will be significantly raised, prompting a lobbying campaign by some Democratic lawmakers, hospitals, and insurers to persuade Congress to provide financial assistance. The temporary expansion of subsidies to lower the cost of plans sold on the Affordable Care Act exchange in the pandemic relief… Continue reading Democrats Push to Extend Health-Insurance Subsidies Amid Rising Premiums this Fall
Average Family Health Insurance Premiums Rose 4% This Year to Top $22,000
According to the 2021 benchmark KFF Employer Health Benefits Survey, annual family premiums for employer-sponsored health insurance increased 4% to average $22,221 this year. This year, workers contribute an average of $5,969 toward the cost of family coverage, with employers covering the rest. This year’s survey also looks at how the pandemic affected workplace health… Continue reading Average Family Health Insurance Premiums Rose 4% This Year to Top $22,000
Health Insurance Rates Could Spike 40% Next Year: Report
The coronavirus pandemic could cost commercial insurers in the U.S. anywhere from $34 billion to $251 billion, and possibly more, according to a new analysis by Covered California, which runs that state’s public health insurance marketplace. The surge in costs could mean higher insurance premiums in 2021 for the roughly 170 million Americans who are… Continue reading Health Insurance Rates Could Spike 40% Next Year: Report