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Employee Benefits

State program to offset expensive claims lowers average premiums

January 11, 2023 Reprints

Premiums for marketplace health plans dropped more in Virginia than any other state last year, aided by a state plan to use federal dollars to pay a portion of insurers’ most expensive claims, Axios reports. The 2021 policy change went into effect for the first time this enrollment period, which began Nov. 1 and ends on Jan. 15. Virginia went from having the 20th most expensive average premiums in the country to having the fifth lowest, according to the Kaiser Family Foundation.

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State program to offset expensive claims lowers average premiums

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