Why did my Health Insurance Premium go up?
I didn’t change plans.
Every year health insurance premiums automatically go up in price.
Every. Single. Year.
So, even if you didn’t change plans, your premium is likely to go up. This happens upon renewal. Premiums go up as health care costs go up. Someone has to pay for it.
One of the main reasons premiums are consistently going up is because under Obamacare (The Affordable Care Act) insurers (meaning the insurance company that provides you with your health insurance plan) are required to cover high risk individuals, such as those with pre-existing conditions.
This post was written by Katharine Bristow, a Health Insurance Specialist.
If you liked this post, check out:
Patrick’s Blog about Why You Should Pay For Health Insurance
We assists small groups and individuals in providing and understanding health insurance plans. We have built our business on helping property & casualty agents and financial advisers consult with their clients to have clear health care coverage for their clients.
At our agency, we take your privacy seriously. Unlike big insurance agencies that sell your information to high-pressure agents, we only use it to connect with you personally. This way, we can ensure that you get a plan that's tailored specially for you.
