As health costs continue to rise, many consumers will need to pay more for their coverage in 2024. This year, a 40-year-old on a Silver plan is projected to spend an average of $538 per month, up 13% from the previous year. This is in addition to any other out-of-pocket expenses (copayments, coinsurance, deductibles) the individual may incur during the course of the plan year.

Overall, the majority of marketplace enrollees will remain subsidized in 2024, as the federal government will continue to pay the premium difference between the after-subsidy average benchmark premium and the enrollee’s household income. That said, many insurers have proposed increasing premiums, reflecting higher cost trends for the health care industry.

The good news is that these increases, on average, are expected to be modest. Among 320 marketplace insurers nationally, the median proposed premium increase is only 6%, and most requests fall within the range of 2% to 10%.

Additionally, the pandemic had a dramatic downward impact on utilization of health care services early on and most insurers expect utilization to return to pre-pandemic levels going forward, which should help limit premium increases. Finally, the Inflation Reduction Act’s subsidy enhancements will protect most individuals from steep premium increases and make more people eligible for subsidies than in past years. Калкулатор осигуровки самоосигуряващо се лице 2024