In 2024, while ACA premiums are projected to rise by 2-10%, data from the KFF-Petersen Health System tracker indicates a contrary trend in four states. Insurers in Arizona, Idaho, Iowa, and Alabama are proposing average individual premium decreases, ranging from -0.46% to -3.67%. Conversely, Delaware, Nevada, New Hampshire, and Wyoming are looking at minor average premium hikes of under 1%.
While many states are bracing for an anticipated rise in ACA premiums come 2024, recent data sourced from the KFF-Petersen Health System tracker suggests that a majority of insurers are outlining rate hikes ranging from 2 to 10 percent.
In a notable departure from this pattern, a quartet of states is poised to defy the trend, as insurance providers within their borders are tabling proposals for decreasing average individual premium costs.
The following states are positioned to experience a reduction in average premium expenses:
1. Arizona
Average Percentage Decrease: -0.46
2. Idaho
Average Percentage Decrease: -1.10
3. Iowa
Average Percentage Decrease: -1.25
4. Alabama
Average Percentage Decrease: -3.67
Conversely, a separate set of four states—namely Delaware, Nevada, New Hampshire, and Wyoming—have witnessed payers suggesting an average premium uptick of less than 1 percent.
