HealthCare.gov premiums going up in 2015


Updated: Thursday, December 4 2014, 12:47 PM EST

WASHINGTON (AP) – Obama administration officials are acknowledging that HealthCare.gov premiums, on average, will go up next year.

But the same officials say most current customers can still save money if they are willing to shop around a competitive marketplace.

In a report released Thursday, the Health and Human Services Department says premiums for the most popular type of plan will go up an average of 5 percent in 35 states where the federal government is running the health insurance exchanges.

However, the administration says more insurers are participating in the marketplace this year.

About two-thirds of current customers can still find coverage comparable to what they have now for $100 a month or less if they shop around. That’s taking into account the tax credits that most consumers are eligible for.

Photo Credit: URAC

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