Health insurance rates in Rhode Island will go up once again for most consumers in 2016. The state’s health insurance commissioner has made a final decision about those rates for individuals and businesses.
Rates for all United Health plans are going up –large employers, will pay about four and a half percent more, and small business plans will rise just over seven percent. Individuals with a Neighborhood Health Plan of Rhode Island policy will pay an average of $312 dollars a month, up nearly six percent.
Unlike last year, there are no double digit increases. And most rates are lower than insurers had hoped. The cost for individual Blue Cross and Blue Shield of Rhode Island plans is still up in the air pending a legal battle.