- Associated Press - Monday, September 22, 2014

DENVER (AP) - State regulators have approved more than 1,000 health insurance plans offered by 20 carriers for 2015 that, on statewide average, will increase premiums by 1.18 percent over last year.

Insurance commissioner Marguerite Salazar tells The Denver Post (https://goo.gl/eLe9OY ) the average premium increase breaks down into two components. Individual plan premiums will increase by an average 0.71 percent in 2015. Small group plans will see an average increase of 2.54 percent over last year.

She says consumers should choose carefully because the price varies by carrier, geographical area, consumer age, type of plan, size of deductible and eligibility for tax credits. The next open enrollment period begins Nov. 15.

As part of its role under the Affordable Care Act, Salazar’s division is in charge of approving the rates and benefits of plans sold on and off the state health insurance exchange.

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Information from: The Denver Post, https://www.denverpost.com

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