CMS announces average premiums for 2020 benchmark plans
The average premium for a benchmark plan at will decline 4% in 2020 to $388, the Centers for Medicare & Medicaid Services today. For the 38 states using to sell plans in the individual health insurance market, the average premium change in 2020 for a benchmark (second-lowest-cost silver) plan for a 27-year-old adult will range from a 20% decline in Delaware to a 13% increase in Indiana, according to released by the agency. An additional 20 qualified health plan issuers will offer coverage through the federally-facilitated exchange in 2020, and the number of enrollees with access to only one insurer will drop from 20% to 12%, CMS said. Open enrollment for 2020 coverage through begins Nov. 1 and runs through Dec. 15.
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