The Delaware Health Insurance Marketplace is maintaining stability in its insurance plans for 2025, following the addition of new carriers over the past two years.
Despite expected rate increases, the state aims to mitigate these through subsidies, bolstered by a renewed state innovation waiver.
This waiver supports a reinsurance program projected to lower average premiums by 15.9%.
For the upcoming enrollment period, starting November 1, 2024, and ending January 15, 2025, residents will have access to 45 plans from four carriers.
This period will also allow individuals with Deferred Action for Childhood Arrivals DACA status to enroll.
Special enrollment periods are available for various circumstances, including loss of coverage or income qualification changes.
Delaware’s marketplace has seen significant growth, with a 77% increase in enrollment since 2021. The number of residents served reached a record 45,000 for the 2024 plan year, with premiums averaging $147 after tax credits.
About 5.6% of enrollees had premiums at or below $10 per month last year.
Enhanced premium tax benefits from the Inflation Reduction Act have saved Delawareans an average of $527 per month.
The state continues to emphasize primary care and affordability, with an estimated $42 million contributed to primary care providers last year, addressing industry shortages.