Most Missourians See No Major Increases In Marketplace Insurance Rates

The Trump Administration has released the 2018 premiums for plans sold on Healthcare.gov.  As expected, the premiums for people who receive premium tax credits will not increase significantly. In fact, they will decrease by 2.7% to just $201 per month for a 40 year old, non-smoker, earning $30,000 a year. Almost 90% of Missourians who purchase Marketplace plans receive premium tax credits that reduce the price they pay for insurance. These premium tax credits continue to protect consumers from premium increases.

Those who do not receive a premium tax credit will see an increase of between 12% and 50% in the cost for a Benchmark Silver plan with the average increase across Missouri of 37%. Columbia has the lowest premium increases, at 12%, and St. Louis has the highest, at 50%.

To read excerpts from the St. Louis University School of Law Center for Health Law Studies, CLICK HERE.

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