Will Ga., SC medical insurance charges rise in 2023?

AUGUSTA, Ga. (WRDW/WAGT) – A brand new examine reveals that medical insurance charges may probably enhance in 2023.

In response to the 2023 Value of Well being Insurance coverage examine, from 2022 to 2023, medical insurance charges throughout the nation elevated by 4 p.c, whereas Georgia noticed the most important year-over-year bounce in medical insurance prices for a 40-year-old on a silver plan, rising by 20 p.c.

Together with Georgia, 36 states have had their charges enhance on common from 2022 to 2023, the states report.

Georgia’s 2022 common value for medical insurance was $394 {dollars}. The expected common value for 2023 is $474 {dollars}, rising by about $80 {dollars}, in response to the report.

Nonetheless, Georgia’s costs are nonetheless moderately priced when in comparison with the remainder of the nation.

South Carolina’s 2022 common value was $436 {dollars}, however solely rising $33 {dollars} in 2023.

In response to the report, for the 15 million Individuals who could possibly be unenrolled from Medicaid and the Kids’s Well being Insurance coverage Program when the top of COVID-19 emergency well being declaration within the US occurs in early 2023, getting medical insurance shall be an enormous monetary burden, particularly in states like Georgia, which doesn’t have expanded Medicare protection.

For a specific medical insurance plan, the price of protection is set by sure elements set by regulation. States can restrict the diploma to which these elements affect your charges.

Elements together with:

  • age
  • The place you reside
  • Smoking/tobacco use
  • Variety of folks insured

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