Our actuaries – who analyze medical spending to set premium prices – estimate that premiums will rise for many of our members, especially those who purchase individual policies or get coverage through a small-business employer.
- Individual customers are likely to see average premium increases around 30 percent. For some, rates may even double.
- Small-group customers will see average increases around 10 percent.
- Large-group customers will see average increases around 3 percent to 5 percent.
These are in addition to normal increases and are just averages; some will see lower or higher increases depending on their demographics, health status and current levels of coverage.
Posted in: Health Care Costs 101