The cost of individual health insurance premiums is on the rise for 2023. A 40-year-old enrolling in a silver ACA Exchange plan will pay, on average, 4 percent more per month in 2023 than in 2022, according to a Dec. 14 ValuePenguin report.
In some states, individuals will pay even more on average. In Georgia, monthly premiums are set to rise more than 20 percent, according to ValuePenguin.
Here are the states where monthly premiums for individual insurance are rising the most.
1. Georgia
2023 average: $474
2022 average: $394
Percent change: 20.30
2.Colorado
2023 average: $489
2022 average: $409
Percent change: 19.56
3. Wyoming
2023 average: $882
2022 average: $764
Percent change: 15.45
4. Alaska
2023 average: $822
2022 average: $715
Percent change: 14.97
5. New Mexico
2023 average: $551
2022 average: $480
Percent change: 14.79
6. Connecticut
2023 average: $614
2022 average: $564
Percent change: 8.87
7. New York
2023 average: $776
2022 average: $713
Percent change: 8.84
8. Arkansas
2023 average: $456
2022 average: $419
Percent change: 8.83
9. Maine
2023 average: $506
2022 average: $465
Percent change: 8.82
10. Montana
2023 average: $519
2022 average: $479
Percent change: 8.35