Health insurance costs rising dramatically for ACA plans
Nebraskans looking at individual health insurance plans under the federal Affordable Care Act likely will be shocked at the price increases for next year -- an average 50 percent premium hike.
The actual increase depends on where you live, whether you are a smoker and other factors. But the premiums have gone up significantly, said Martin Swanson, with the Nebraska Department of Insurance.
The premiums for small-group insurance are rising much less, an average 16 percent average, he said during a public forum sponsored by Rep. Jeff Fortenberry on Wednesday.
For example, a silver plan under ACA will cost a 28-year-old about $337 a month in the group market next year, but about $425 in the individual market, said Chris McPike, a vice president of ComPro, a health insurance brokerage company.
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