Affordable Care Act Premium Rates and New Marketplace Carrier for Next Year
Friday, 6 September 2024, 16:10
Affordable Care Act Premium Rate Increase
Affordable Care Act premium rates have been approved to increase by approximately 6% on average for the upcoming year. This adjustment reflects ongoing market trends and is pivotal for both consumers and providers.
New Carrier Added to the Marketplace
A new carrier has been introduced to the marketplace, expanding choices available for individual health insurance plans. This move is expected to foster competition and potentially drive prices and services.
- Premium rates now average an increase of 6%
- Maryland Insurance Administration oversees these adjustments
- Insurance options enhanced with a new carrier
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.