Maryland Health Insurers Propose Highest Premium Hike Since 2019

Insurers seek 17% hike in state marketplace premiums, amid ‘wild uncertainty’ at federal level - The Southern Maryland Chronicle

State insurance officials warn that thousands of Marylanders who bought health insurance on the state marketplace could see the cost of coverage increase an average of 17% next year unless Congress extends federal subsidies that are set to expire in December.The Maryland Insurance Administration (MIA) said in a press release Tuesday that health insurers are asking the state to raise premiums between 8.1% and 18.7% for individual plans offered un…

State Roundup: Marylanders under ACA health coverage may see significant rate hikes; Braveboy declares victory in Prince George's County exec race

MARYLAND’s ACA CUSTOMERS MAY SEE SIGNIFICANT INSURANCE HIKES: Maryland residents who get their health insurance through the Affordable Care Act may see significant increases in premiums next year due to the potential loss of the federal premium tax credit. Maryland insurers are proposing a 17% average hike for premiums next year, stating the loss of the credits as a major factor in losing potential customers. In the meantime, the Maryland Insura…

Insurers seek 17% hike in state marketplace premiums, amid 'wild uncertainty' at federal level - Maryland Matters

Nearly 300,000 Marylanders who bought individual plans on the Maryland Health Benefit Exchange could be affected by proposed premium rate increases. (Photo by Danielle J. Brown/Maryland Matters.)State insurance officials warn that thousands of Marylanders who bought health insurance on the state marketplace could see the cost of coverage increase an average of 17% next year unless Congress extends federal subsidies that are set to expire in Dece…

Maryland health insurers propose highest premium hike since 2019

Federal changes ranging from limiting the insurance enrollment period to ending tax credits could cause health insurance premiums to rise for Marylanders.

Health Insurance Premiums Could Spike for 500,000 Marylanders Amid Federal Cuts

Source: PhonlamaiPhoto / Getty Health insurance costs for roughly 500,000 Maryland residents could surge next year as insurers brace for the loss of key federal subsidies. Insurance companies offering plans on Maryland’s state exchange have proposed average premium hikes of 17% for individuals and 5.5% for small businesses, according to the Maryland Insurance Administration. These changes could make coverage unaffordable for many middle-income r…

Marylanders using ACA marketplace may see premium hikes

Maryland residents who get their health insurance through the Affordable Care Act may see significant increases in premiums next year due to the potential loss of the federal premium tax credit.Maryland insurers are proposing a 17% average hike for premiums next year, stating the loss of the credits as a major factor in losing potential customers.“The Maryland Insurance Administration is closely working with the Maryland Health Benefit Exchange …