Most of America to see rise in silver-level premiums next year

A majority of the country will see an increase in premiums for benchmark, silver-level health insurance plans in 2015, according to an Associated Press report.

These "silver" plans, which about two-thirds of the customers on HealthCare.gov and state-run health insurance markets choose, is "a notch below what most people with employer coverage have," according to the report.

Premiums for the lowest-cost silver plan will rise by an average of 10 percent in communities nationwide next year, according to the report, which cites a study from the market analysis firm Avalere Health.

The report also cites a Kaiser Family Foundation study, which analyzed premiums for the second-lowest-cost silver plan on a county-by-county basis, according to the report.

According to the report the study shows that premiums for the second-lowest-cost silver plan are on the rise in nearly 60 percent of America's counties, with 18 percent of counties seeing more than a 10 percent hike, and 13 percent of counties seeing a more than 10 percent decrease.

"If you are currently in the second-lowest-cost silver plan in your community, there's no guarantee that will be the case for 2015," the report read. "Another insurer may have bid lower and captured the designation. People who don't shop around could face significant price increases."

More articles about premiums:

3 things to know about worker out-of-pocket health costs 3 things to know about worker out-of-pocket health costs

Low-priced plans on government exchange may decrease insurance tax credits for consumers Low-priced plans on government exchange may decrease insurance tax credits for consumers

PreferredOne to increase exchange plan premiums 40% to 60% in 2015

 

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