Virginia: Approved avg. 2022 #ACA rate changes: -2.9% indy market; +3.6% sm. group; 3 new carriers join market
Thu, 10/14/2021 - 9:59pm
Virginia has an extremely robust, competitive individual & small group insurance market...and in 2022 it's getting even more competitive, with three new carriers joining the individual market: Aetna, Bright and Innovation Health Plan.
Beyond that, I don't see any shocking or dramatic developments for 2022; average unsubsidized individual market premiums are dropping by 2.9% statewide, while average small group premiums are increasing by 3.6% overall.