ACA Health Insurance: How Rising Premiums May Affect You and What to Do

As the California Marketplace recently announced an average increase in premiums of almost 10% for next year, many are concerned about how it will impact their health insurance costs. Unfortunately, this increase may be a sign of similar rises across the board. This blog will explore the implications of rising ACA health insurance premiums and provide some tips to help you navigate the upcoming renewal period.

Understanding ACA Health Insurance Premiums

The Affordable Care Act (ACA) established health insurance marketplaces where individuals and families can shop for and purchase health insurance plans. Premiums for these plans vary based on several factors, including age, location, and the plan’s coverage level.

In general, premiums tend to increase over time due to rising healthcare costs. However, the recent announcement of a 10% increase in California is higher than the average increases seen in previous years. This significant increase could be concerning for many, especially those on a tight budget.

What to Do During Renewal

As the renewal period approaches, it’s essential to carefully review your health insurance options and make informed decisions to minimize the impact of rising premiums. Here are some tips to help you during renewal:

1. Compare Plans:

Don’t automatically renew your current plan. Take the time to compare different plans available in your area to see if there are any with lower premiums or better coverage. You can use the website or seek assistance from a licensed agent.

2. Explore Tax Credits:

The ACA provides tax credits to help eligible individuals and families lower their health insurance premiums. These tax credits are available to those with incomes below a certain threshold. If you qualify, claiming these tax credits can significantly reduce your premium costs.

3. Consider High-Deductible Plans:

High-deductible health plans (HDHPs) typically have lower monthly premiums than traditional plans. However, they also have higher deductibles, which means you pay more out-of-pocket before insurance coverage kicks in. If you’re generally healthy and don’t expect to have significant medical expenses, an HDHP could be a cost-effective option.

4. Seek Assistance:

If you need help understanding your health insurance options or navigating the renewal process, don’t hesitate to seek assistance from a licensed agent or healthcare professional. They can provide personalized guidance and help you make informed decisions.


While rising health insurance premiums can be a concern, there are steps you can take to mitigate their impact. By comparing plans, exploring tax credits, and seeking assistance when needed, you can make informed decisions during renewal and ensure you have the health insurance coverage you need at a cost you can afford.

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