Assessing the Annual Rate Increases in the ACA Marketplace

Each year insurance companies who participate in the ACA marketplace are required to post their proposed rate increases or their block of business in each state they operate in. These rates have been shown to vary widely depending on the year, however, they have stabilized for the most part recently. This segment breaks down the rate increases, informs you of how the companies determine these numbers and what you should do if you are in a situation where you are facing an undesirable rate increase.