Higher Average ACA Premiums Sought by Texas Insurance Policyholders, Proposed Increase Amounting to 24%
The Texas Department of Insurance (TDI) is currently reviewing premium increase requests submitted by health insurance companies for Affordable Care Act plans in 2026. If approved, the average premium increase could reach a significant 24%.
The TDI has yet to make a final decision on the requested premium increase for next year. If the increase is approved, it could have a ripple effect on the overall health insurance market in Texas. The department is considering the potential impact on competition among health insurance companies, affordability and accessibility of health insurance for Texas residents, and the stability of the marketplace for Affordable Care Act plans.
Health insurance companies in Texas have requested an average premium increase of 24% for Affordable Care Act plans in 2026. This could lead to destabilization in the marketplace and potentially result in a decrease in the number of Texas residents enrolled in these plans. Some customers may opt for less or no coverage due to the significant premium hike.
The TDI has the authority to approve, partially approve, or deny the requested premium increases. The department is expected to announce its decision by the end of 2025. The potential premium increase could have a significant impact on the health insurance landscape in Texas, and residents are encouraged to stay informed about the developments.
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