Finding out what’s in it: The health insurance premiums for one major Minnesota health insurance company are expected to increase by 40 to 63 percent in 2015.

The insurer started informing brokers Tuesday about rates for individuals if they renew coverage with the company for next year, said Heidi Michaels, an agent with the Dyste Williams agency in Minneapolis. In the half dozen consumer scenarios she’s looked at, Michaels said she’s consistently seeing premium jumps in the neighborhood of 40 percent to 60 percent. Her analysis, however, did not take into account significant discounts that consumers could see by way of federal tax credits, depending on their income. “They’re going to get substantial rate increases,” Michaels said in an interview Wednesday. “I haven’t seen one below 40 percent.”

Letters with these rate increases will go out the end of October, just before election day. (The company has pulled out of the government exchange, which means they don’t have to keep their rates secret until after the election, as required by the Obama administration, the most transparent in history!)

However, these rate increases indicate strongly how high the rate increases will be across the board. They are going to be ungodly high, possibly so high no one will be able to afford them.