2018 MIDTERM ELECTION

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Rhode Island: 28.7K QHPs, 94% paid (sort of)

 

HEALTHSOURCE RI RELEASES ENROLLMENT, DEMOGRAPHIC AND VOLUME DATA THROUGH FEBRUARY 7, 2015

Posted on February 11, 2015 | By HealthSource RI

PROVIDENCE – HealthSource RI (HSRI) has released enrollment data, certain demographic data and certain volume metrics through Saturday, February 7, 2015, for Open Enrollment.

RENEWAL UPDATE
As of February 7, 2015, 79% of Year One customers have renewed (selected a plan) for 2015
(77% of renewing customers paid the first month’s premium).
Total New Customers: 8,547 (7,372 paid)
Total Renewed Customers: 20,240 (19,617 paid)
Total HealthSource RI enrollments for 2015 coverage: 28,787 (26,989 paid)

*Note: Individuals who have selected a plan but not paid by their selected coverage effective date become cancelled; reported enrollment values (plan selections, paid and unpaid) will fluctuate with potential net decrease due to plan selection cancellation, as of the passage of the January coverage payment deadline.

Again, Rhode Island is one of the few states not only reporting their paid percentage, but they're actually purging the past-due unpaid enrollments, making their official paid rate 94% even though they likely have subtracted a good 1,800 or so from the total.

2015 Enrollee Plan Selection
21 plans are available on HSRI’s Individual Market for 2015, up from 12 plans in 2014, including some lower cost options for 2015.  HSRI is providing a snapshot below of how new and renewing customers are choosing plans–this data includes both customers who have paid and those who have not yet paid.

Renewed Customers
2015 vs. 2014 Selection by Plan, by Metal Level and by Insurer

62% of renewing individuals have selected a different plan for 2015
38% of renewing individuals have selected a plan with a different carrier for 2015
81% of renewing individuals have selected a plan in the same metal level for 2015; 6% of renewing individuals bought up by metal level for 2015, while 13% bought down by metal level for 2015

RI is also one of the few states reporting on their small business exchange (SHOP) enrollments:

SHOP Enrollment
Cumulative as of February 7, 2015

Small employer accounts created: 1,944
Small employer applications completed: 563

Small employer enrollment (paid and unpaid): 458
These employers represent 3,333 covered lives

Small employer enrollment (paid): 446
These employers represent 3,255 covered lives

76% of small employers are enrolled in the Full Choice Model