Tuesday, June 3, 2014

Will We See Double Digit Rate Increase On Exchange Plans For 2015?

By Coleen Elkins

As our summer tempertures increase will health insurance rates increase as well? Insurers will begin to report their projected premiums for 2015 during the summer. We are already seeing a preview and it is indicating double digit increases.

Both Arizona and Connecticut carriers are shedding some light on what to expect with recent filing of projections. The question is will carriers increase rates or discontinue plans as season two of the Affordable Care Act gets underway? New filing in in Arizona with the department of insurance by two carriers indicate more than a 10 percent hike. Cigna is asking for a 14.4 percent increase and Humana 25.5.

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