How much will health care insurance premiums increase in 2023?

Health care costs rise for most Americans in 2023. Without a public health care system, price hikes in some states can put thousands of people on worse coverage plans and potentially leave them in financial ruin for a problem that wasn’t their fault.

According to, the average monthly cost of health insurance in the United States is $560a 4% increase from $531 in 2022. This is based on the average cost of the Silver plan for a 40-year-old candidate.

Here is the table of the averages of the different plans.

Stage Monthly premium 2023 Monthly premium 2022 Year-over-year variation
Catastrophic $332 $316 5.20%
Bronze $440 $398 10.61%
Money $560 $542 3.29%
Gold $604 $594 1.59%
Platinum $737 $685 7.55%

Two states, Wyoming and West Virginia, have healthcare costs 50% higher than the national averageboth having annual costs of over $10,000 per year on the Silver plan alone.

Three states have silver plans that cost less than half that crazy figure: New Hampshire, Maryland and Minnesota.

the States that become much more expensive in 2023 compared to 2022 are: Georgia (20.30%), Colorado (19.56%) and Wyoming (15.45%). States are becoming more affordable are: Virginia (-16.99%), Louisiana (-10.44%) and Idaho (-6.40%).

How is health insurance changing with COLA 2023?

For the first time in more than a decade, some Medicare beneficiaries will see their premiums drop. Those who receive Part B cover will have their standard reduced monthly premium from $5.20 in 2023, to $164.90.

Part B coverage focuses on two types of services: medically necessary treatment and preventive treatment. This covers everything from ambulance services and medical equipment to mental health support and a selection of prescription drugs for outpatients.

Health insurance part A premiums will increase slightly in 2023, with monthly costs set at between $278 and $506, depending on how long you or your spouse worked and the amount of Medicare taxes paid.

The fees for Part C and Part D coverage will vary greatly from person to person, as it reflects local state funding efforts and the cost of medications you may be claiming from insurance.

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