Large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more. If you live in these states, you can’t help but wonder how much is your health insurance payment going to be?
As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases. For individual plans sold through insurance exchanges in more than a dozen states, these increases may be substantial.
Big Rate Increases On The Horizon
Uncertainty in the market is helping drive costs. Of course, there’s a new tax plan set to take effect as well. The effects of tax reform will be slow to take shape and that could further complicate matters.
Download the City Vs City cost of living calculator today to compare your current location’s healthcare costs to what they are in another state.