Could there be rate increases on my health insurance?

Yes. Rates are reviewed on an annual basis and undergo a formal rate review process. All rate increases must be reviewed by the state insurance departments and receive approval before insurance companies can apply them to you. If your plan is going to experience a rate increase, your insurance company will notify you. You will have the opportunity to continue at the increased rate or select a different plan during open enrollment. Renewals take effect January 1st of the following year.