As health insurance premiums are set to rise across the United States, millions of Americans could face significant financial strain in the coming year. Without the enhanced tax credits introduced during the COVID-19 pandemic, the cost of coverage for a 60-year-old making 401% of the federal poverty level ($62,757 annually) is expected to skyrocket in every state. This data, provided by Newsweek, highlights the dramatic increases in average monthly premiums for benchmark silver plans, with some states seeing rates more than quadruple.
From Wyoming’s staggering increase to Massachusetts’ smaller but substantial hike, the numbers paint a dreary picture of the challenges ahead for middle-income Americans. As federal subsidies hang in the balance, we’ll break down the projected premium increases state by state, offering a closer look at how these changes could impact individuals and families nationwide.
Alabama
- Premium Percent Increase w/o Enhanced Tax Credits: 208%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,369
In Alabama, health insurance premiums are set to rise by a staggering 208% without the enhanced tax credits. For a 60-year-old making $62,757 annually, the average monthly premium for a benchmark silver plan will jump to $1,369. This sharp increase could make coverage unaffordable for many middle-income residents.
The significant hike reflects the challenges of limited insurer competition and high healthcare costs in the state. Without intervention, many Alabamians may face tough decisions about their coverage, highlighting the importance of subsidies in keeping premiums manageable.
Alaska
- Premium Percent Increase w/o Enhanced Tax Credits: 295%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $2,192
Alaska faces one of the steepest premium increases in the nation, with rates soaring by 295% without enhanced tax credits. A 60-year-old in the state will see their average monthly premium skyrocket to $2,192, making it one of the most expensive states for health insurance.
The high costs are driven by Alaska’s small population, geographic challenges, and limited competition among insurers. These factors make delivering care more expensive, and without subsidies, many residents may struggle to afford coverage.
Arizona
- Premium Percent Increase w/o Enhanced Tax Credits: 154%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,129
In Arizona, premiums are expected to rise by 154% without the enhanced tax credits. For a 60-year-old, the average monthly premium will climb to $1,129, a significant increase that could strain budgets for middle-income residents.
While Arizona’s healthcare market has seen growth, the loss of subsidies could disproportionately impact older adults and those in rural areas. The state’s rising premiums underscore the critical role of federal assistance in maintaining affordable coverage.
Arkansas
- Premium Percent Increase w/o Enhanced Tax Credits: 270%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,643
Arkansas will experience a dramatic 270% increase in health insurance premiums without enhanced tax credits. A 60-year-old resident will face an average monthly premium of $1,643, making coverage significantly more expensive.
The sharp rise reflects the state’s high healthcare costs and limited insurer options. Without subsidies, many Arkansans may find themselves priced out of the market, highlighting the need for policy solutions to address affordability.
California
- Premium Percent Increase w/o Enhanced Tax Credits: 172%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,211
California’s premiums are set to rise by 172% without the enhanced tax credits, with a 60-year-old paying an average of $1,211 per month for a silver plan. This increase could put a strain on middle-income residents who rely on subsidies to keep costs manageable.
Despite California’s robust healthcare marketplace, the loss of federal assistance could lead to reduced enrollment and higher uninsured rates. The state’s experience highlights the importance of subsidies in maintaining access to affordable coverage.
Colorado
- Premium Percent Increase w/o Enhanced Tax Credits: 166%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,182
In Colorado, premiums will increase by 166% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,182. This sharp rise could make health insurance unaffordable for many residents, particularly older adults.
Colorado’s healthcare market has been a model for innovation, but the loss of subsidies could reverse progress in expanding access. The state’s rising premiums underscore the need for continued federal support to stabilize costs.
Connecticut
- Premium Percent Increase w/o Enhanced Tax Credits: 316%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,847
Connecticut faces a massive 316% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,847 per month. This dramatic rise could make coverage unattainable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers contribute to the steep increase. Without subsidies, Connecticut’s residents may face significant financial strain, highlighting the importance of federal assistance in maintaining affordability.
Delaware
- Premium Percent Increase w/o Enhanced Tax Credits: 230%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,467
Delaware’s premiums are set to rise by 230% without enhanced tax credits, with a 60-year-old paying an average of $1,467 per month. This sharp increase could make health insurance unaffordable for many residents.
The state’s small population and high healthcare costs contribute to the rising premiums. Without subsidies, Delawareans may struggle to maintain coverage, underscoring the need for policy solutions to address affordability.
Florida
- Premium Percent Increase w/o Enhanced Tax Credits: 226%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,450
In Florida, premiums will increase by 226% without enhanced tax credits, with a 60-year-old paying an average of $1,450 per month. This significant rise could put coverage out of reach for many middle-income residents.
Florida’s large population and diverse healthcare market make it particularly vulnerable to the loss of subsidies. The state’s rising premiums highlight the critical role of federal assistance in maintaining access to affordable coverage.
Georgia
- Premium Percent Increase w/o Enhanced Tax Credits: 194%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,307
Georgia will see a 194% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,307 per month. This sharp rise could make health insurance unaffordable for many residents.
The state’s high healthcare costs and limited competition among insurers contribute to the rising premiums. Without subsidies, Georgians may face significant financial strain, highlighting the importance of federal assistance in maintaining affordability.
Hawaii
- Premium Percent Increase w/o Enhanced Tax Credits: 125%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,149
Hawaii’s premiums are set to rise by 125% without enhanced tax credits, with a 60-year-old paying an average of $1,149 per month. While this increase is lower than in many other states, it still represents a significant financial burden for middle-income residents.
Hawaii’s unique geography and healthcare system contribute to its relatively stable market, but the loss of subsidies could still impact affordability. The state’s residents may face tough choices about coverage if federal assistance is not extended.
Idaho
- Premium Percent Increase w/o Enhanced Tax Credits: 134%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,040
In Idaho, premiums will increase by 134% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,040. This rise could strain budgets for older adults and middle-income residents.
Idaho’s smaller population and rural areas make healthcare delivery more expensive, contributing to the premium hike. Without subsidies, many residents may struggle to afford coverage, highlighting the importance of federal support.
Illinois
- Premium Percent Increase w/o Enhanced Tax Credits: 209%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,372
Illinois faces a 209% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,372 per month. This sharp rise could make health insurance unaffordable for many residents.
The state’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. Illinois residents may face significant financial strain, underscoring the need for continued federal assistance.
Indiana
- Premium Percent Increase w/o Enhanced Tax Credits: 126%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,006
Indiana’s premiums are set to rise by 126% without enhanced tax credits, with a 60-year-old paying an average of $1,006 per month. While this increase is more modest compared to other states, it still represents a significant financial burden.
The state’s healthcare market has been relatively stable, but the loss of subsidies could disrupt access to affordable coverage. Indiana’s residents may face challenges in maintaining their insurance without federal support.
Iowa
- Premium Percent Increase w/o Enhanced Tax Credits: 139%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,064
In Iowa, premiums will increase by 139% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,064. This rise could make health insurance unaffordable for many middle-income residents.
Iowa’s rural areas and smaller population contribute to higher healthcare costs, driving the premium hike. Without subsidies, many residents may struggle to maintain coverage, highlighting the importance of federal assistance.
Kansas
- Premium Percent Increase w/o Enhanced Tax Credits: 220%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,423
Kansas faces a 220% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,423 per month. This dramatic rise could make coverage unattainable for many middle-income residents.
The state’s limited competition among insurers and high healthcare costs contribute to the steep increase. Without subsidies, Kansans may face significant financial strain, underscoring the need for policy solutions to address affordability.
Kentucky
- Premium Percent Increase w/o Enhanced Tax Credits: 182%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,254
Kentucky’s premiums are set to rise by 182% without enhanced tax credits, with a 60-year-old paying an average of $1,254 per month. This sharp increase could put coverage out of reach for many residents.
The state’s healthcare market has made strides in recent years, but the loss of subsidies could reverse progress. Kentucky’s residents may face challenges in maintaining their insurance without federal support.
Louisiana
- Premium Percent Increase w/o Enhanced Tax Credits: 208%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,371
In Louisiana, premiums will increase by 208% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,371. This significant rise could make health insurance unaffordable for many residents.
The state’s high healthcare costs and limited competition among insurers contribute to the rising premiums. Without subsidies, Louisianans may struggle to afford coverage, highlighting the importance of federal assistance.
Maine
- Premium Percent Increase w/o Enhanced Tax Credits: 239%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,506
Maine faces a 239% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,506 per month. This dramatic rise could make coverage unattainable for many middle-income residents.
The state’s small population and high healthcare costs drive the premium hike. Without subsidies, many Mainers may face significant financial strain, underscoring the need for policy solutions to address affordability.
Maryland
- Premium Percent Increase w/o Enhanced Tax Credits: 98%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $880
Maryland’s premiums are set to rise by 98% without enhanced tax credits, with a 60-year-old paying an average of $880 per month. While this increase is lower than in many other states, it still represents a financial burden for middle-income residents.
The state’s strong healthcare market and regulatory framework have helped stabilize costs, but the loss of subsidies could still impact affordability. Maryland’s residents may face challenges in maintaining their insurance without federal support.
Massachusetts
- Premium Percent Increase w/o Enhanced Tax Credits: 89%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $839
In Massachusetts, premiums will increase by 89% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $839. This relatively modest rise reflects the state’s robust healthcare system and regulatory measures.
Massachusetts has long been a leader in healthcare reform, but the loss of federal assistance could still disrupt access to affordable coverage. The state’s experience highlights the importance of subsidies in maintaining affordability.
Michigan
- Premium Percent Increase w/o Enhanced Tax Credits: 151%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,115
Michigan faces a 151% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,115 per month. This significant rise could make health insurance unaffordable for many residents.
The state’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. Michigan residents may face financial strain, underscoring the need for continued federal assistance.
Minnesota
- Premium Percent Increase w/o Enhanced Tax Credits: 114%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $952
Minnesota’s premiums are set to rise by 114% without enhanced tax credits, with a 60-year-old paying an average of $952 per month. While this increase is more modest compared to other states, it still represents a financial burden.
The state’s strong healthcare market and regulatory measures have helped stabilize costs, but the loss of subsidies could still impact affordability. Minnesota’s residents may face challenges in maintaining their insurance without federal support.
Mississippi
- Premium Percent Increase w/o Enhanced Tax Credits: 216%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $952
In Mississippi, premiums will increase by 216% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,371. This dramatic rise could make coverage unattainable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers contribute to the steep increase. Without subsidies, Mississippians may face significant financial strain, highlighting the importance of federal assistance.
Missouri
- Premium Percent Increase w/o Enhanced Tax Credits: 189%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,285
Missouri’s premiums are set to rise by 189% without enhanced tax credits, with a 60-year-old paying an average of $1,285 per month. This sharp increase could make health insurance unaffordable for many middle-income residents.
The state’s limited insurer competition and high healthcare costs are driving the premium hike. Without subsidies, many Missourians may struggle to maintain coverage, underscoring the importance of federal assistance in keeping premiums manageable.
Montana
- Premium Percent Increase w/o Enhanced Tax Credits: 231%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,469
In Montana, premiums will increase by 231% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,469. This dramatic rise could make coverage unattainable for many residents.
Montana’s rural geography and smaller population contribute to higher healthcare costs, driving the steep premium increase. Without subsidies, many Montanans may face significant financial strain, highlighting the need for policy solutions to address affordability.
Nebraska
- Premium Percent Increase w/o Enhanced Tax Credits: 239 %
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,508
Nebraska faces a 239% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,508 per month. This sharp rise could make health insurance unaffordable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers are key factors behind the premium hike. Without subsidies, Nebraskans may struggle to afford coverage, underscoring the importance of federal assistance in stabilizing costs.
Nevada
- Premium Percent Increase w/o Enhanced Tax Credits: 138%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,056
Nevada’s premiums are set to rise by 138% without enhanced tax credits, with a 60-year-old paying an average of $1,056 per month. While this increase is less dramatic than in some states, it still represents a significant financial burden.
The state’s growing population and healthcare market have helped stabilize costs, but the loss of subsidies could disrupt access to affordable coverage. Nevada’s residents may face challenges in maintaining their insurance without federal support.
New Hampshire
- Premium Percent Increase w/o Enhanced Tax Credits: 91%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $851
In New Hampshire, premiums will increase by 91% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $851. This relatively modest rise reflects the state’s strong healthcare market and regulatory measures.
New Hampshire’s experience highlights the importance of subsidies in maintaining affordability, even in states with stable markets. Without federal assistance, many residents may still face financial strain in accessing coverage.
New Jersey
- Premium Percent Increase w/o Enhanced Tax Credits: 160%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,157
New Jersey faces a 160% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,157 per month. This significant rise could make health insurance unaffordable for many middle-income residents.
The state’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. New Jersey residents may face financial strain, underscoring the need for continued federal assistance.
New Mexico
- Premium Percent Increase w/o Enhanced Tax Credits: 198%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,323
New Mexico’s premiums are set to rise by 198% without enhanced tax credits, with a 60-year-old paying an average of $1,323 per month. This sharp increase could make coverage unattainable for many residents.
The state’s high healthcare costs and limited competition among insurers contribute to the steep premium hike. Without subsidies, many New Mexicans may struggle to afford coverage, highlighting the importance of federal assistance.
New York
- Premium Percent Increase w/o Enhanced Tax Credits: 84%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $817
In New York, premiums will increase by 84% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $817. This relatively modest rise reflects the state’s robust healthcare system and regulatory measures.
New York has long been a leader in healthcare reform, but the loss of federal assistance could still disrupt access to affordable coverage. The state’s experience underscores the importance of subsidies in maintaining affordability.
North Carolina
- Premium Percent Increase w/o Enhanced Tax Credits: 205%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,354
North Carolina faces a 205% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,354 per month. This sharp rise could make health insurance unaffordable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers are key factors behind the premium hike. Without subsidies, North Carolinians may struggle to maintain coverage, underscoring the importance of federal assistance.
North Dakota
- Premium Percent Increase w/o Enhanced Tax Credits: 172%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,210
North Dakota’s premiums are set to rise by 172% without enhanced tax credits, with a 60-year-old paying an average of $1,210 per month. This significant increase could strain budgets for middle-income residents.
The state’s smaller population and rural geography contribute to higher healthcare costs, driving the premium hike. Without subsidies, many North Dakotans may face challenges in maintaining their insurance.
Ohio
- Premium Percent Increase w/o Enhanced Tax Credits: 145%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,090
In Ohio, premiums will increase by 145% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,090. This rise could make health insurance unaffordable for many residents.
Ohio’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. The state’s residents may face financial strain, highlighting the importance of federal assistance in stabilizing costs.
Oklahoma
- Premium Percent Increase w/o Enhanced Tax Credits: 189%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,283
Oklahoma faces a 189% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,283 per month. This sharp rise could make coverage unattainable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers are key factors behind the premium hike. Without subsidies, Oklahomans may struggle to afford coverage, underscoring the importance of federal assistance.
Oregon
- Premium Percent Increase w/o Enhanced Tax Credits: 159%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,153
Oregon’s premiums are set to rise by 159% without enhanced tax credits, with a 60-year-old paying an average of $1,153 per month. This significant increase could strain budgets for middle-income residents.
The state’s strong healthcare market and regulatory measures have helped stabilize costs, but the loss of subsidies could still impact affordability. Oregon’s residents may face challenges in maintaining their insurance without federal support.
Pennsylvania
- Premium Percent Increase w/o Enhanced Tax Credits: 173%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,214
In Pennsylvania, premiums will increase by 173% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,214. This sharp rise could make health insurance unaffordable for many residents.
The state’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. Pennsylvania residents may face financial strain, underscoring the need for continued federal assistance.
Rhode Island
- Premium Percent Increase w/o Enhanced Tax Credits: 142%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,075
Rhode Island’s premiums are set to rise by 142% without enhanced tax credits, with a 60-year-old paying an average of $1,075 per month. This significant increase could strain budgets for middle-income residents in the state.
Despite Rhode Island’s relatively small size and stable healthcare market, the loss of subsidies could disrupt access to affordable coverage. Many residents may face challenges in maintaining their insurance without federal assistance.
South Carolina
- Premium Percent Increase w/o Enhanced Tax Credits: 171%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,204
In South Carolina, premiums will increase by 171% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,204. This sharp rise could make health insurance unaffordable for many residents.
The state’s high healthcare costs and limited competition among insurers are key factors behind the premium hike. Without subsidies, South Carolinians may struggle to maintain coverage, underscoring the importance of federal assistance.
South Dakota
- Premium Percent Increase w/o Enhanced Tax Credits: 213 %
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,392
South Dakota faces a 213% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,392 per month. This dramatic rise could make coverage unattainable for many middle-income residents.
The state’s rural geography and smaller population contribute to higher healthcare costs, driving the steep premium increase. Without subsidies, many South Dakotans may face significant financial strain, highlighting the need for policy solutions to address affordability.
Tennessee
- Premium Percent Increase w/o Enhanced Tax Credits: 240%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,510
Tennessee’s premiums are set to rise by 240% without enhanced tax credits, with a 60-year-old paying an average of $1,510 per month. This sharp increase could make health insurance unaffordable for many middle-income residents.
The state’s high healthcare costs and limited competition among insurers are key factors behind the premium hike. Without subsidies, Tennesseans may struggle to afford coverage, underscoring the importance of federal assistance in stabilizing costs.
Texas
- Premium Percent Increase w/o Enhanced Tax Credits: 216%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,403
In Texas, premiums will increase by 216% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,403. This significant rise could make health insurance unaffordable for many residents.
Texas’s large population and diverse healthcare market mean that the loss of subsidies could have widespread effects. The state’s residents may face financial strain, highlighting the importance of federal assistance in maintaining affordability.
Utah
- Premium Percent Increase w/o Enhanced Tax Credits: 192%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,298
Utah faces a 192% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,298 per month. This sharp rise could make coverage unattainable for many middle-income residents.
The state’s growing population and healthcare market have helped stabilize costs, but the loss of subsidies could disrupt access to affordable coverage. Utah’s residents may face challenges in maintaining their insurance without federal support.
Vermont
- Premium Percent Increase w/o Enhanced Tax Credits: 192%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,299
Vermont’s premiums are set to rise by 192% without enhanced tax credits, with a 60-year-old paying an average of $1,299 per month. This significant increase could strain budgets for middle-income residents in the state.
Despite Vermont’s strong healthcare system and regulatory measures, the loss of subsidies could still impact affordability. Many residents may face challenges in maintaining their insurance without federal assistance.
Virginia
- Premium Percent Increase w/o Enhanced Tax Credits: 117%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $966
In Virginia, premiums will increase by 117% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $966. While this increase is more modest compared to other states, it still represents a financial burden for many residents.
Virginia’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. The state’s residents may face financial strain, underscoring the importance of federal assistance in stabilizing costs.
Washington
- Premium Percent Increase w/o Enhanced Tax Credits: 192%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,300
Washington faces a 192% increase in premiums without enhanced tax credits, with a 60-year-old paying an average of $1,300 per month. This sharp rise could make coverage unattainable for many middle-income residents.
The state’s strong healthcare market and regulatory measures have helped stabilize costs, but the loss of subsidies could still impact affordability. Washington’s residents may face challenges in maintaining their insurance without federal support.
West Virginia
- Premium Percent Increase w/o Enhanced Tax Credits: 413%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $2,278
West Virginia’s premiums are set to rise by a staggering 413% without enhanced tax credits, with a 60-year-old paying an average of $2,278 per month. This dramatic increase makes it one of the hardest-hit states in the nation.
The state’s small population, high healthcare costs, and limited insurer competition contribute to the steep premium hike. Without subsidies, many West Virginians may find coverage completely unaffordable, highlighting the critical need for federal assistance.
Wisconsin
- Premium Percent Increase w/o Enhanced Tax Credits: 192%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $1,298
In Wisconsin, premiums will increase by 192% without enhanced tax credits, bringing the average monthly cost for a 60-year-old to $1,298. This significant rise could strain budgets for middle-income residents.
The state’s diverse population and healthcare market mean that the loss of subsidies could have widespread effects. Wisconsin residents may face financial strain, underscoring the importance of federal assistance in maintaining affordability.
Wyoming
- Premium Percent Increase w/o Enhanced Tax Credits: 421%
- Average Monthly Silver Premium for 60-Year-Old w/o Subsidy: $2,315
Wyoming faces the steepest premium increase in the nation, with rates soaring by 421% without enhanced tax credits. A 60-year-old in the state will see their average monthly premium skyrocket to $2,315, making it the most expensive state for health insurance.
The state’s small population, geographic challenges, and limited insurer competition drive the astronomical premium hike. Without subsidies, many Wyoming residents may find coverage completely unattainable, highlighting the urgent need for policy solutions to address affordability.
