ANALYSIS OF THE IMPACTS OF THE ACA’S TAX ON HEALTH INSURANCE IN 2018 AND BEYOND

| August 8, 2017

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This report provides an analysis of the impact of the tax on health insurance premiums beginning in 2018. In addition, we provide the allocation of these taxes across each state and by a line of business and also describe the potential effect that the taxes and increased premiums will have on enrollment. In summary, we estimate that the tax on health insurance will increase premiums by 2.6% in 2018, and between 2.5% and 2.7% in subsequent years when the amounts collected in taxes is mandated to increase at the same level as a premium trend. In 2018, this amount equates to $158 per individual in the non-group market, $185 per single contract and $500 per family contract in the small group market, $188 per single contract and $540 per family contract in the large group market, $245 per Medicare Advantage member (including Special Needs Plans and Employer Group Waiver Plans), and $181 per Medicaid managed care enrollee.

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Spotlight

Stewart Title

When you work at Stewart, you’re part of a global real-estate services company that helps make the dream of property ownership a reality around the world. Whether we’re providing residential and commercial title insurance, closing and settlement services or specialized offerings for the mortgage industry, we deliver comprehensive service, deep expertise and innovative customer solutions by way of our direct operations, network of Stewart Trusted Providers™ and family of companies. Join our team and discover how Stewart Information Services Company (NYSE-STC) impacts lives for the better. We do more than offer broad-scale real-estate services and solutions; we provide the security for building communities and dreams.

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