Report: Louisiana residents in for health insurance sticker shock next year

Louisiana residents need to brace themselves for sticker shock when they shop around for Health Insurance for 2022.

A new ValuePenguin.com by LendingTree analysis found that Louisiana will have the 5th most expensive health insurance premiums in 2022, and premiums will increase compared to 2021. Here are our key findings:

  • $8,736/year – Average cost of an ACA health insurance plan in Louisiana for 2022. This is 34.67% above the national average – making Louisiana the 5th most expensive state to buy health insurance.
  • 2.82% – Increase in Health insurance premiums for Louisiana for 2022 when compared to 2021 – nearly 4x higher than the national average rate increase. 
  • 0.67% – The national average increase in health insurance premiums in 2022.
  • Platinum tier – In 2022, platinum tier health plans will become 4.52% cheaper nationally. Expanded Bronze and Bronze tier health plans will see prices increase 3.21% and 2.47% respectively.

According to ValuePenguin Health Insurance expert Robin Townsend,”Insurers cite an overall jump in health care costs, including prescription drug prices, as drivers behind rising health insurance premiums.” She adds, “Other factors include the ongoing COVID-19 pandemic, with an increase in vaccine administration and the impact of the delta variant prompting higher rates in 2022.”

You can view the full report and methodology here: https://www.valuepenguin.com/average-cost-of-health-insurance

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