This Fee increased overall premiums yesteryear to a greater extent than or less $13 billion during 2016, $0 inward 2017, in addition to is expected to increment premiums yesteryear to a greater extent than than $14 billion inward 2018 according to consultants Oliver Wyman
That one-year moratorium on the HIF was an of import element to insurance companies. It meant a meaning toll did non convey to last included inward their 2017 premiums - which of course of report insurers had to calculate in addition to denote good earlier year-end 2016. (In other words, prior to the 2016 elections. But why last divisive in addition to yell that?) And for 2018, the halt of the one-year moratorium agency the HIF toll must i time again last added to premiums.
Oliver Wyman in addition to others await the 2018 HIF volition enhance overall premiums yesteryear nigh 3%. That volition last on happen of whatever increment is attributable to the continuing increases inward unit of measurement costs of medical services, addition the termination of to a greater extent than oft than non higher utilisation of medical services.
The exact touching on of HIF on whatever specific policy may last to a greater extent than or less than 3% in addition to depends on many factors, such every bit whether yous are buying every bit an individual, or every bit purpose of a group; whether your grouping sponsor subsidizes your premiums and, if so, yesteryear how much; in addition to whether your coverage volition alter every bit of Jan 1.
Whatever, the supply of HIF helps explicate why nosotros are already reading of high medical insurance premium increases for 2018. Here is i source. There are others.
UPDATE September 26, 2017: FYI, the estimated 2018 per person, per calendar month HIF volition last nigh $35. That is 3% of the 2017 Medicare H5N1 in addition to B per person, per calendar month premium of but nether $1,200. The Medicare premiums for 2018 convey non nevertheless been announced.
