DOVER — The Delaware Health Insurance Marketplace is touting “stability” in its plans for 2025 enrollment.
After welcoming new carriers the last two years, the marketplace — an offshoot of the Affordable Care Act, also known as “Obamacare” — reports that it will be steady in its insurance options in 2025.
Under the upcoming plans, rates are expected to increase, but officials hope to offset that via subsidies.
Since Delaware recently renewed its state innovation waiver with the U.S. departments of Health and Human Services and Treasury, the state-based reinsurance program projects it will ultimately result in the lowering of average premiums by 15.9%.
It’s the 11th year of the marketplace’s open enrollment since approval of the Affordable Care Act in 2010.
The service is designed for individuals who cannot obtain health insurance from their employers, are between jobs or are self-employed.
Government-backed marketplaces are a pillar of the Obama-era federal law because they enable millions to buy health insurance with help from income-based tax credits.