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Will Health Insurance Premiums Increase in 2014?

health care reform

When the Affordable Care Act launches in January 2014, how much will Americans pay for health insurance premiums?

Some media reports indicate that costs will rise significantly. Other sources claim premiums will be about the same, if not lower.

According to an article in the Huffington Post, the larger health insurance companies believe premiums for small employers and individuals could increase anywhere from 25 percent to 116 percent next year.  These projected increases may be offset by tax credits featured within health care reform for small employers that provide insurance benefits to employees or for individuals earning between the poverty level ( currently $11,490 annually) and up to four times that amount (approximately $45,960 yearly).

There are many new media stories and rumors about anticipated costs and changes with health care reform. It’s important to check the facts and use reliable sources for the most accurate information. One resource is HealthCare.gov, managed by the U.S. Department of Health & Human Resources.

 

Learn more about recent reports on costs for medical care and health care premiums:

Q&A: How Will the New Health Law Affect Your Premiums?

Will health care reform raise insurance premiums?

 

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