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Keeping Existing Health Plan Can Be Expensive

Update Date: Nov 16, 2014 09:03 PM EST

Majority of the 7 million consumers who got insurance under the president's health care law may see premiums go up next year, if they don't switch to another plan, said a press release.

According to the release, that was the assessment of independent analysts as the Health and Human Services department released a massive computer file of premium details. 

The numbers are going to take some time to crunch, however, it is expected that certain low-cost plans used by the government to set subsidies for consumers will cost about the same as this year - $330 a month.

The catch, according to the press release, is that your current plan may no longer be the low-cost benchmark, and you'll pay the higher premium unless you switch. 

 Sign-up for 2015 starts on Nov. 15 and runs through Feb. 15. 

See Now: What Republicans Don't Want You To Know About Obamacare

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