Health insurance deductibles have risen sharply since 2010

health insurance cost medical

Survey finds that deductibles for employer-sponsored coverage have grown aggressively A new survey from the Kaiser Family Foundation and the Health Research & Educational Trust has found that health insurance deductibles have risen dramatically since 2010. These deductible increases have primarily affected those with employer-sponsored coverage. Many employers have been facing greater financial strain in providing their workers with insurance coverage, especially as insurers make their plans more expensive. As a result, consumers have been facing higher out-of-pocket costs for their coverage even as premiums have continued to grow. Workers…

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Health insurance rates to rise 6% for 300K Massachusetts consumers

Cost of health insurance rates

Insurers across the state will be increasing premiums for small businesses and individuals, next year. Health insurance rates in Massachusetts are about to rise by over 6 percent for individuals and small businesses, alike in 2016, which is making many people wonder if the cost of coverage may be heading into an upward trend. This rate increase has already received the approval of the Division of Insurance in the state. Now that it is moving ahead, it will mean that there will be a rise in health insurance rates that…

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Missouri falls behind in mitigate increase in health insurance rates

health insurance deadline enrollment

State has been unable to halt the growth of health insurance premiums Missouri may be falling behind in protecting its residents from significant health insurance rate increases. In 2016, insurance policies are set to become more expensive nationwide due proposals from insurers. Typically, state regulators investigate rate increase proposals in order to determine whether or not they are needed. In Missouri, however, regulators are not tasked to investigate rate proposals. Instead, this burden falls to the federal government, which may be leaving consumers open to significant rate increases that could…

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Study shows competition is not leading to lower health insurance premiums

Michigan health insurance

New study suggests that competition is not having a beneficial impact on insurance rates The Economic Alliance for Michigan has released a new study concerning the size of the health insurance market and the effect that competition has had on insurance premiums. Typically, more competition in the health insurance markets leads to lower premiums, as insurers fight with one another for the support of consumers. The study, however, suggests that high competition between insurers does not always lead to lower premiums for individuals and businesses. Prominent insurers are not able…

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Health insurance premiums continue to climb in the US

Health Insurance Premiums Rise

Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found  through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…

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