A new study released by the Kaiser Health Foundation found that millions of people who pay for their own insurance are facing big increases in premium costs. The study says that most people in the US get health insurance through an employer, but there are 14 million under the age of 65 who purchase it through the individual market. And three out of four of those people have recently been told their rates were on the rise.

The study found that the average recent rate increase was 20 percent. Most are paying the increase, but some are switching plans or changing to a different company. “With people in the individual market being hit with average increases of 20%, the survey shows that the steep increases we have been reading about over the last several months are not just extreme cases,” Kaiser Family Foundation President and CEO Drew Altman said in a news release.

The survey found that the average annual premium for someone paying for their own insurance is $3,606 while those with employer-sponsored coverage have annual premiums that are $4,824 on average. Typically older people say they’re paying higher premiums than younger people.  The survey questioned 1,038 people between the ages of 18-64 who pay for their own health insurance coverage.

New laws in New York make it harder for insurance companies to raise premiums. The governor signed into law the Governor’s Program Bill No. 278 which gives the New York State Insurance Department authority to review and approve insurance premiums before they are issued. It passed with overwhelming support in a 111-17 vote.  Before this new law the insurance industry was pretty much self-regulated, according to a report by dotmed.com. “Deregulation of health insurance premiums is a failed experiment leading to unjustified premium increases and more people losing their health insurance coverage,” Governor Paterson said in prepared remarks.

Now, if insurance companies want to raise rates, they have to apply for approval first. “Before, health insurance companies could raise premiums as much as they wanted, and all we could do is check long afterward if, in fact, they were overcharging,” David Neustadt, spokesman for the New York State Insurance Department, told DOTmed News. “The current rates are increasing at a much faster rate than before [the file and use law].” This way governing bodies can make sure any increases are justified, and not just created by insurance companies so they can increase bottom lines.

The law will impact any rate increases set to take effect on or after October 1, 2011. “I applaud New York on its bold move to hold insurance companies accountable and prevent the kind of unreasonable rate increases that have made health insurance unaffordable for many American families,” said U.S. Health and Human Services Secretary Kathleen Sebelius in a statement, according to dotmed.com. “This is the kind of action that, together with the Affordable Care Act, is shifting power back to consumers.”

This week the White House unveiled new details about a plan that will allow young adults to stay covered under their parents’ health insurance policies until they’re 26-years-old. The new policy forces companies offering employer-sponsored  health plans to offer coverage for their employees’ children up to the age of 26. The rules don’t require the young adult to live with his or her parents, attend college or even be a dependent. The twenty-somethings can also be married or unmarried.

Health and Human Services Secretary, Kathleen Sebelius estimates that 1.2 million people currently without health insurance coverage will have it because of this new rule. According to a report in the New York Times, the health department estimates that it will cost $3,380 in 2011 to cover each new insurance customer and $3500 in 2012. In 2013 it will cost about $3690 for this coverage. This equates to about a one percent increase in family premiums, according to government officials.

These new rules will begin to take effect September 23, but there are some exceptions. Companies are allowed to exclude adult children of their employees until 2014 if the children already have access to their own insurance through their employee. Some companies are offering this additional coverage now, and they aren’t waiting until the upcoming deadlines. Under the new rules, employers must give young adults a 30-day enrollment window for signing up under their parents’ coverage.

Some people feel the rules or too lenient. “Regulatory agencies may have stretched their authority in writing these rules. Adult children can live 2,000 miles away from their parents, be married and not have spoken to Mom and Dad in a year, and they could still be added to the parents’ employer-sponsored health plan just like any other child,” said James P. Gelfand, director of health policy at the United States Chamber of Commerce, to the New York Times. However, according to the Chicago Tribune, other companies are getting a jump on the new rules. Trustmark, an insurance provider to more than two million people across the US, started offering the coverage My 1. “This early implementation will ensure graduating college students maintain health insurance coverage without falling into the ranks of the uninsured,” said John Anderson, the company’s senior vice president . “This ultimately closes the possible gap in coverage that would have occurred until this fall.”

Health insurance for the self-employed is always a dicey topic. How do you get good health insurance when you are self-employed? How do you get good health insurance and still be able to afford it?

Domestic partner health insurance is an insurance that can be shared by an unmarried couple who have a committed relationship. When you think of couples sharing insurance plans you usually think of married couples but this type of insurance extends to unmarried opposite sex and same sex couples.

When you look for a new job then insurance matters are probably not the foremost thoughts on your mind. While you will be thinking about maintaining your health insurance coverage, you will be more focused on advancing your career, trying something new, or just enjoying gainful employment.

In this time of pinching pennies you want to look for absolutely every way you can cut back, but this does not mean that you want to use every method of saving money that you find. Some methods come with more risk than you should take on.