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Idaho residents see insurance costs climb

Some families could see a monthly increase between 50 to $450. The main reason that’s happening is that more people are using medical services than insurers antcipated.

“Because the insurance carriers paid out more claims then they brought in premium for. The sticker shock is going to be a sticker shock for everyone. Even my own family paid $450 in a single month, other states are worst then Idaho.”Rudey Ballard, of Ballard Insurance Group, said.

He also said that you should get a broker to help.

“It just seems simple but it’s quite complicated now, last year was easy because of one carrier was ahead of all of the others,”said Ballard. “This year there’s a lot of options and a lot of things people need to know before they make their selections.”

There is also a fine for those who are uninsured.

The minimum you will get fined is $695 per person-or 2 1/2 percent of your taxable income, whichever is higher.

Enrollment opens Nov. 1 and ends Dec. 15.

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