Average Rate Changes
Premiums for health insurance plans offered under the Affordable Care Act will drop by 3% a month in 2022.
The decline represents the cost of the average monthly premium for the benchmark cheapest silver plan for the 33 states using the federal exchange, Healthcare.gov.
The data comes from a report1 issued by the Centers for Medicare & Medicaid Services.
This is the fourth year running that premiums have dropped.
The average benchmark monthly premium is 10% less for a 27-year-old and 9% cheaper for a family of four than in 2018, before subsidies.
In 2022, a 27 year-old with household income of 150% of the Federal Poverty Level continues to be eligible for a $0 benchmark premium, after tax credits are factored in.
Consumers will also benefit from a wider choice of insurance options.
In 2022, 213 issuers are offering plans in Healthcare.gov states, an increase of 32 from 2021.
An all-time high of 12.2 million Americans were covered by Affordable Care Act policies, as of mid-September.
The federal market serving 33 states launches enrollment November 1, 2021, wrapping up January 15, 2022.