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Affordable Healthcare Plan: Rising Rates in 2017

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Health insurances rates under affordable healthcare act are expected to rise in 2017. As per the federal government estimate for 2017, Obamacare plans are expected to cost 22% more on an average. In some states the rates go up more than 100% and in few states it goes down by 8-10%. Overall the healthcare plan premiums are expected to go up sharply. If you are getting your insurance through your employer, you do not need to worry. If you have an individual insurance policy this maybe a great concern and time to shop for insurance plans that best fits you needs and budget. Please look into the insurance market place and compare plans. It is important to consider the coverage features, deductible, co-pay, out of pocket expenses and your state of health before selecting your insurance plan. All new enrollments are open on November 1st 2016 for coverage effective from January 1st 2017. An individual needs to pick his plan by December 15th, 2016. If you do your research and pick the right policy, you might actually save money.