Blue Cross and Blue Shield of Florida wants a rate hike on health insurance. They are looking to charge individuals and small businesses by as much as 14 percent more for policies.

This is the third request the company has filed in just the last month. They want an 11 percent increase for people with preferred provider policies while small group plans would be increased by at least 14 percent.

Blue Cross, Blue Shield maintains the increases are necessary because of soaring medical costs.