This year, many insurers are proposing substantial rate hikes with the hopes of making up for higher recent medical costs.
“We conclude that a national average rate of premium increase is a fairly meaningless statistic since different markets are having very different experiences,” the report said.
…which is why you need a cost-of-living calculator that accounts for prices in each state. Download the City Vs City app to find out an accurate estimate of what your personal healthcare costs would be in a different city.
The article provides a good overview of the price changes that occurred over the last year in each state. Only five states saw a decrease in premium cost this year while 12 states had increases of more than 20% on average.
The states with the biggest changes are predominantly in the Midwest, but almost every region got hit with price jumps.
Healthcare costs are one of many expenses to consider when choosing where to live. City vs City is the only cost of living calculator that looks at all aspects of your standard of living. Our powerful app accounts for income, expenses, savings, and even state and local taxes.
If you’re looking to move to a state with a better standard of living, there is hope! Download the City vs City app today!