Brace Yourself Health Insurance Companies are Seeking Rate Increases up to 27%

For Arizona residents who purchase their own health insurance maybe in for a big surprise next year they are faced up to 27% rate increase. Health Insurance companies said that the increase reflect the higher medical expenses of their customers. They have filed the necessary paperwork with the state and federal regulators to increase the premiums by 11 to 27% for 15 individual plans sold on and off the Affordable Care Act marketplace.

The proposed rate hikes will not affect most Arizonans who get health insurance through an employer or a government-sponsored health plan such as Medicare, Medicaid or Veterans Affairs.

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