Understanding Level Funding and How to Guide Your Clients

For many individuals covered by the Affordable Care Act (ACA) health plans, premiums are expected to rise dramatically in 2023. According to an analysis by the Peterson Center on Healthcare and Kaiser Family Foundation (KFF), insurance plans participating in the ACA Marketplace project a median premium increase of 10% in 2023, with most increases falling between 5 and 14%. Also, unlike in previous years, only a handful of insurers anticipated lowering their premiums.