Wyoming: *Final* avg. unsubsidized 2024 #ACA rate changes: +0.3% (unweighted; updated)

Originally posted 8/21/23; updated 11/08/23

The bad news for Wyoming residents who earn too much to qualify for any federal ACA subsidies is that the state has the second highest unsubsidized premiums in the country after West Virginia. The good news is that, thanks to the Inflation Reduction Act, there are far more residents who do qualify for federal subsidies, which chop those premiums down to no more than 8.5% of their income.

The other good news for them is that for 2024, average premiums across the two insurance carriers which participate on the ACA exchange pretty much cancel each other out, with Blue Cross Blue Shield of Wyoming dropping their average premiums by 7% even as the Montana Health Co-Op seeks to raise theirs by 7.6%. Unfortunately, once again, I've been unable to get ahold of enrollment data for each carrier so this is an unweighted average only; if, say, 90% of enrollees are in Montana Co-Op plans, the weighted average would obviously be more like a 6% increase or whatever.

For the small group market it's an uglier picture--two of the three carriers there are seeking significant rate hikes, and one (Montana Co-Op again) is seeking a 14.7% hike. The unweighted average across all three is a 7.7% increase.

UPDATE 11/08/23: No changes to the individual market carriers; a slight change on the small group market.