Nearly 300,000 Marylanders who bought health insurance on the state’s Affordable Care Act Marketplace will see monthly health care costs jump next year, as state officials finalize premium rate increases for 2026.
The Maryland Insurance Administration announced the approval Friday of a 13.4% average premium rate increase for 2026, meaning individuals and households will have to pay hundreds more in health costs over next year.
While the approved rates are slightly better than what insurance companies initially asked for earlier this year, it’s still going to be a significant hike in health care costs for families already struggling to pay their bills…