CT individual premiums expected to rise 29% next year

A new analysis by the Society of Actuaries predicts that non-group health insurance premiums will rise from the current monthly average of $339 to $514 in 2014. According to the authors, acknowledged by HHS Secretary Sebelius, the increase will result mainly from provisions of the Affordable Care Act. CT can expect our individual market to grow by 77% to 255,216 people. Nationally 80% of that growth will be within insurance exchanges. The rate of uninsurance in CT is predicted to drop from 12.7% to 6% with reform.