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Most health insurance premiums won't rise because of new laws

Posted On Tue, June 22, 2010

Many consumers who get their health insurance through their employer might have worried that their personal costs would rise as a result of the new healthcare reform bills, but they most likely have nothing to fear.

Though there was originally some doubt about just how likely it was that employers would be able to keep their current plans, the New York Times says consumers can be confident their plans won't change too drastically. Thanks to the rule that grandfathers in health plans that existed prior to the law being passed on March 23, 2010, most employers have an incentive to not change their plans too greatly for fear of losing their grandfathered status. At least in the short term, companies are unlikely to change anything, even the amount their workers put down for a co-payment.

However, those individuals who buy their own health insurance will likely bear the brunt of the increased costs for insurers, according to a Reuters report. The cost of health plans for individuals is expected to rise 20 percent next year. ADNFCR-2297-ID-19852379-ADNFCR

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