Does Health Insurance Premium Increase? 
Health insurance premiums do not increase during the plan year . However , there are a variety of reasons why the premium may increase -LRB- or decrease -RRB- from one year to the next . If an insurance company feels that the benefits that they are offering with a specific plan are costing them more than they expected , they may raise the rates for the same plan for the next year . Conversely , if the benefits are costing them less than expected , they can lower the rate to encourage more people to sign up for that option . The main reason your rates are likely to go up each year however is that you are getting older . The older a person is , the more likely they will need to use more benefits . The Affordable Care Act allows insurance companies to charge up to three times more for older members on a plan than for younger members . 