Virginians who buy health insurance on the state’s marketplace could see big premium hikes in 2026, with most insurers proposing average increases of 20% or more — and one requesting twice that.
The State Corporation Commission says 10 insurers plan to sell individual marketplace plans in Virginia next year. Optimum Choice, Inc. has proposed the steepest average increase, 40.2%, according to SCC records. Rates in the small group market, which covers businesses with fewer than 50 workers, could rise an average of 11.2%.