Health Insurance

Insurance Premium Rate Changes for 2023

UPDATED ON
November 11, 2022
Sarah Ann Johnson
Print Friendly and PDF

The final unsubsidized 2023 insurance premiums are in. The average increase across the country is 6.2%; all but two states have increases coming into 2023. For a full breakdown of what these premiums mean, read, “10 States With the Highest Premium Rate Changes for 2023.” See below for the complete list of rate increases, organized alphabetically by state.

Alabama - 0.42%Alaska - 19.05%Arizona - 4.31%Arkansas - 5.91%California - 5.60%Colorado - 10.40%Connecticut - 12.88%Delaware - 5.50%District of Columbia - 13.56%Florida - 7.20%Georgia - 10.06%Hawaii - 2.00%Idaho - -3.59%Illinois - 7.14%Indiana - 5.70%Iowa - 2.30%Kansas - 7.20%Kentucky - 5.77%

Louisiana - 2.51%Maine - 11.35%Maryland - 6.59%Massachusetts - 9.26%Michigan - 5.50%Minnesota - 1.48%Mississippi - 5.26%Missouri - 10.95%Montana - 9.57%Nebraska - 0.40%Nevada - 9.20%New Hampshire - 4.80%New Jersey - 8.80%New Mexico - 11.26%New York - 9.70%North Carolina - 7.93%North Dakota - 4.41%Ohio - 6.85%Oklahoma - 9.47%Oregon - 6.71%Pennsylvania - 5.53%Rhode Island - 6.13%South Carolina - 7.32%South Dakota - 11.37%Tennessee - 8.50%Texas - 3.83%Utah - 5.97%Vermont - 15.16%Virginia - -12.88%Washington - 8.18%West Virginia - 5.01%Wisconsin - 7.65%Wyoming - 18.49%

Interested in more exclusive content? Check out the Mployer Advisor blog or read, "$100B of Inflation-Driven Insurance Premiums Have Not Hit-Yet."

Want more insights on how your employee benefits compare to companies in your region, industry, and similar employer size?
Download Your Custom Benefits Report Now
See How Your Employee Benefits Compare

Next Up

Federal Court Ruling May Put Millions of US Companies In Breach of ERISA Fiduciary Duty
A Texas court ruled that American Airlines breached its ERISA duty of loyalty by failing to properly oversee BlackRock’s ESG-driven investment decisions. The decision could put millions of employers at legal risk if upheld. Are ESG investments in retirement plans now a liability?
The Employment Situation for February 2025
The latest economic release from the Bureau of Labor Statistics reports that the U.S. job market added just under 150 thousand jobs last month while unemployment ticked down one-tenth of a point to 4% to close out the last such economic report with data collected under the Biden administration.
Are Centers of Excellence On the Decline?
Centers of Excellence (COEs) may have peaked. While mid-sized employers increased adoption, the largest companies are scaling back. Is this a temporary dip or a shift in employer healthcare strategy?