Health Carriers Propose Affordable Care Act Premium Rates for 2023

The Maryland Insurance Administration has received the rate filings containing the proposed 2023 premium rates for Affordable Care Act (ACA) products offered by health and dental carriers in the Individual, Non-Medigap (INM), and Small Group (SG) markets.

The carriers’ requested increases are reviewed by the MIA and rates must be approved by the Commissioner. Before approval, all filings undergo a comprehensive review of the carriers’ analyses and assumptions. The Commissioner must disapprove or modify any proposed premium rates that appear excessive or inadequate to the benefits offered or are unfairly discriminatory. The MIA will hold a public hearing on the ACA proposed rates in July and expects to issue decisions in September 2022.

According to the Maryland Insurance Administration:

Rate filing documents are available on the MIA’s website at, which also includes answers to frequently asked questions about the rate review process. All interested persons may review filings and submit comments through Friday, August 12, 2022.

In addition, any interested person may participate in the public hearing scheduled for July 11, 2022 at 10 a.m. Time limits may be imposed for oral testimony, depending on the number of participants. If you would like to present or offer public comments during the public hearing, please notify the MIA in advance by submitting your request by email to To the extent that time and technology permit, the MIA will hear from unregistered participants who access the Zoom Webinar platform.

Written testimony for the public hearing may be submitted by email to and must be received by 5 p.m. on Wednesday, July 6, 2022 to be addressed at the hearing.

Questions about Maryland’s rate review process should be directed to Brad Boban, Chief Actuary at 410- 468-2041, or by email at

Visit the Maryland Insurance Administration website for more information.