Average Benchmark Plan Premium Slightly Drops, Insurer Participation Rises in 2021

The national average premium for the second-lowest-cost silver plan, or benchmark plan, sold through the Affordable Care Act exchanges is $443 per month for a 40-year-old nonsmoker in 2021, a 1.7% drop compared to 2020, according to a recent analysis by Urban Institute. Average state benchmark premiums range from $292 in Minnesota to $782 in Wyoming. The study also suggested that premium variation was strongly associated with the number of insurers participating in a region. The benchmark premium in a rating region with only one insurer was $148 higher per month than the premium in regions with five or more insurers.

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Jinghong Chen

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

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