iLoveBenefits: Industry News Blog

Florida – average weighted silver plan premiums to increase by 13.2% in 2015

The Florida Office of Insurance Regulation announced that the average weighted silver plan premium in the state will increase by 13.2% in 2015.  According to the release, the “average monthly premium for a Silver plan ranges between $938 and $1,452 for a family of four earning $51,000.  Even with a federal subsidy, that could mean an out-of-pocket cost of $500 or more per month to have coverage that still requires Florida families to pay about 30% of expenses out-of-pocket for deductibles, copayments, and coinsurance.”

 

PricewaterhouseCoopers LLP’s Health Research Institute (HRI) released an analysis that finds health insurance premiums in the individual market will rise, on average, by 7.5% in 2015.

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