Posted by Michael Wonder on 21 Oct 2020
Premiums for HealthCare.gov plans are lower for third consecutive year
19 October 2020 - Increased issuer participation, competition and greater choice on the Federal Health Insurance Exchanges.
Today, the Centers for Medicare & Medicaid Services released a report showing the trend of lower premiums and increased issuer participation for HealthCare.gov will continue for 2021 year.
The average premium for the second lowest cost silver plan (also called the benchmark plan) dropped by 2% for the 2021 coverage year and, when looking at states that are using HealthCare.gov in both 2020 and 2021, 22 more issuers will offer coverage in 2021, for a total of 181 issuers delivering more choice and competition for consumers.
