5 insights on premiums rising 8% in 2015

A new Department of Health and Human Services report found Affordable Care Act premiums increased 8 percent in 2015, according to The Hill.

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Here are five insights:

1. From 2015 to 2016, premiums rose, on average, from $356 a month to $386 a month.

2. Many healthcare experts estimated premiums would increase by double-digits last year.

3. HHS reports once the ACA tax credits are factored into the equation, the average premium increase will be 4 percent.

4. While some payers increased premiums by double digits, consumers have the opportunity to switch to plans or receive help from a tax credit.

5. The report’s timing is essential as many payers are preparing to file their proposed premium rates for the ACA marketplace.

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