Maryland Health Insurance Rates Will Rise in 2027
State regulators approved a 14.6% average premium increase for individual marketplace health insurance plans in 2027.
Updated on Sept. 26, 2026 in Insurance
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Maryland insurance regulators have approved an average 14.6% increase for individual health insurance plans offered on the state exchange for 2027. This adjustment will impact premiums for residents purchasing unsubsidized coverage through the marketplace.
Why it matters
The change reflects rising costs within the state health-care exchange system, which directly affects the monthly budget for many Maryland families. Residents navigating the marketplace will need to account for these higher premium rates during the next enrollment period.
Maryland regulators finalized a 14.6% average premium increase for unsubsidized individual marketplace plans for 2027. This figure represents the approved rate adjustment applied to plans offered through state health-care exchanges.
The players
Steny Hoyer
Steny Hoyer is the United States Congressman representing Maryland's 5th district.
The details
The rate hike applies to individual plans available through Maryland's health-care exchange platforms. Congressman Steny Hoyer, who represents Maryland's 5th district, has issued a public statement regarding these upcoming rate adjustments.
Timeline
The approved rate increase for health insurance premiums will take effect in 2027.
Congressman Steny Hoyer released a statement regarding the new rates on September 26, 2026.
Market Dynamics
This rate adjustment follows the established regulatory framework set by the Patient Protection and Affordable Care Act's state marketplace provisions. These updates occur as state exchanges continue to navigate long-term inflation and healthcare market fluctuations.
Maryland residents purchasing unsubsidized health coverage should prepare for higher monthly premiums starting in 2027. Households may need to re-evaluate their insurance choices or subsidies eligibility to mitigate the impact of this 14.6% average rate hike.
The takeaway
Consumers should review their specific plan documents to understand how the average 14.6% increase affects their individual coverage costs. Comparing different exchange offerings remains a critical step for Marylanders looking to manage their health insurance expenses in 2027.
Further reading
For more information on coverage options, visit the Maryland Insurance section.
Source note: This article includes information reported by InsuranceNewsNet.
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