A new ValuePenguin.com analysis has found that in 2022, Americans will spend an average of $541 per month or $6,492 per year on health insurance if they get an Affordable Care Act (ACA) plan via state or federal health exchanges. Health insurance costs have remained mostly steady, with just a 0.67 percent ($48 per year) increase in average premiums from 2021, but analysts found significant variations across states and health insurance plan type.
For instance, South Dakota, West Virginia, New Mexico, Arizona and Texas will experience the biggest jump in health insurance costs in 2022. Marketplace plans in each state will be 23.07 percent, 19.74 percent, 17.36 percent, 13.81 percent and 12.97 percent, respectively, more expensive in 2022 when compared to 2021.
“Nationally, the cost of full-price ACA plans rose by less than 1 percent for 2022,” according to Robin Townsend, ValuePenguin health insurance expert. “For states with larger rate increases, insurers cite an overall jump in healthcare costs, including prescription drug prices, as drivers. Other factors mentioned by insurers include the ongoing COVID-19 pandemic, with an increase in vaccine administration and the impact of the Delta Variant prompting higher rates in 2022.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.