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News

Premiums for 2020 ACA Plans Are Down 4% Nationwide!

Posted on Tuesday, October 22, 2019 at 3:10 PM
Health Insurance Erie PA

Today, the Centers for Medicare & Medicaid Services (CMS) announced that the average premium for the second lowest cost silver plan on HealthCare.gov for a 27 year-old will drop by 4 percent for the 2020 coverage year. Additionally, 20 more issuers will participate in states that use the Federal Health Insurance Exchange platform in 2020 bringing the total to 175 issuers compared to 132 in 2018, delivering more choice and competition for consumers. 

Time will tell what that means for the Pennsylvania Market.  The 2020 Plans are to be released November 1st 2020, and the HMM Team is here to help every step of the way.

   


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