Florida Health Insurance Premiums Likely To Be Increased By 2016
In Florida, nineteen (19) health insurance companies have submitted filings for an increase in their respective insurance premium rates. This move was pursued after the Florida’s Office of Insurance Regulation regained its exercising powers to refuse the health plans indicated on the Affordable Care Act’s insurance exchange.
Florida has an estimated 1.4 million insured individuals through the ACA exchange for this year. Reports from state insurance regulators states that residents of Florida who obtain personal plans will increase to 9.5% on average next year, 2016. Meanwhile, this increase will be complemented by rate changes on the plans sold by the ACA insurance exchange that is said to decrease about 10% for some plans while gain a 16% increase for the others.
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