Change in Health Insurance Marketplace premiums for 2015-2016

Posted on Posted in Health Insurance

In a report published on April 12, 2016 by the Assistant Secretary for Planning and Evaluation (ASPE), the key highlights found that for the plan year of 2016, early estimates based on filings “suggested higher premium increases than what Marketplace consumers paid.”

The report also found that 67 percent of Healthcare.gov consumers chose a new plan for 2016. “Taking into account shopping, the increase in the average premium was 8 percent between 2015 and 2016.” However, of the roughly 85 percent of consumers with premium tax credits, the monthly net premium only increased by 4 percent from 2015 to 2016.

Report source: ASPE

The burden to find affordable health coverage for those who are self-employed and do not qualify for tax credits is problematic. However, if you are healthy, there are alternatives where you can find comprehensive coverage that won’t break the bank.