Jan 12, 2022
Health plans are expecting 2022 premiums to increase by 5.6% for fully insured group plans. This growth is 0.7 percentage points higher than their expectations for 2021, according to a survey by Sherlock Company.
After the effect of buy-downs, plans anticipate premium increases of 4.3%. A buy-down is a change in a product’s benefit design to secure a lower premium.
They expect medical cost increases of 4.7% as well as an increase in consumer cost sharing of 8.4%.
