Published On: Mon, Sep 14th, 2015

Health insurance rates headed up in 2016

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ATLANTA – Many Georgians buying individual or family health insurance will see double-digit increases in their premiums for 2016.Insurance rates approved recently by Georgia Insurance Commissioner Ralph Hudgens range from hikes of 27 percent and 29 percent for Alliant Health Plans’ individual policyholders to slight decreases for a few plans. An analysis by Bill Custer, a health insurance expert at Georgia State University, found the average increase for a person purchasing an individual or family policy next year is in the double digits, both for the insurance exchange and those in the regular market. The variations show that consumers should “wait and see and prepare to shop around’’ for coverage, Custer said. “We’ll see average increases that are going to be higher than the last four years.” Health costs in general are rising 8 percent to 10 percent, Custer said.

Georgia Health News

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