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THE 13 STATES WHERE INDIVIDUAL PREMIUMS WILL DECREASE IN 2023
Rylee Wilson - Thursday, December 22nd, 2022
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Premiums for individual health insurance are set to rise in 2023, according to a
Dec. 14 report from ValuePenguin. The financial analysis site found a
40-year-old enrolling in a silver ACA Exchange plan can expect to pay 4 percent
more in monthly premiums in 2023 than in 2022.
In some states, these increases are even higher. In Georgia, average monthly
premiums jumped 20 percent.
But not everyone will see an increase. According to ValuePenguin, in 13 states,
premiums will decrease. In Virginia, these decreases top out at almost 17
percent, while in other states, premiums decreased by just a few dollars a
month.
Here are the states where premiums will decrease in 2023:
1. Virginia
2023 average: $425
2022 average: $512
Percent change: -16.99
2. Louisiana
2023 average: $652
2022 average: $728
Percent change: -10.44
3. Idaho
2023 average: $483
2022 average: $516
Percent change: -6.40
4. Nebraska
2023 average: $652
2022 average: $685
Percent change: -4.82
5. Mississippi
2023 average: $499
2022 average: $511
Percent change: -2.35
6. South Dakota
2023 average: $792
2022 average: $811
Percent change: -2.34
7. Indiana
2023 average: $425
2022 average: $433
Percent change: -1.85
8. Hawaii
2023 average: $482
2022 average: $490
Percent change: -1.63
9. Arizona
2023 average: $569
2022 average: $577
Percent change: -1.39
10. Utah
2023 average: $558
2022 average: $563
Percent change: -.89
11. Nevada
2023 average: $575
2022 average: $578
Percent change: -.52
12. New Jersey
2023 average: $535
2022 average: $537
Percent change: -.37
13. Oklahoma
2023 average: $634
2022 average: $635
Percent change: -.16
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