Hand holding coins and health care symbol Across counties, average premiums before tax credits fell 1.8% for the lowest-cost silver plan and 4.1% for the lowest-cost gold plan. (Photo: Shutterstock)

Premiums for the benchmark silver plan in the Affordable Care Act are decreasing by just over 3% across the nation, although they vary by county. This is the fourth consecutive year that benchmark premiums have fallen.

“The benchmark plan premiums are important, because they are used to determine the tax credits available to people who buy their own insurance through the Marketplaces,” according to an analysis by KFF. “What people would have to pay in premiums, if anything, will depend on where they live, the plan they choose and their age and income.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.