START OF 2018 OPEN ENROLLMENT PERIOD

Time: D H M S

Autorenewals

 

Over the years I've repeatedly pointed out the importance of NOT simply "autorenewing" your policy. Yes, it's convenient (you don't have to do anything!), but you could be hit with a nasty pricing shock even if nothing has changed at your end (that is, even if your household size, income, etc has stayed the same). Even if your current policy is still available, due to the way APTC subsidies are calculated, you could see your financial assistance drop substantially or increase substantially from year to year...and there may be a better deal available even if there wasn't last year. ACTIVELY SHOP AROUND.

As David Anderson points out, that advice will be especially important this year, due to the CSR Silver Switcharoo/Gold Gap scenario:

Morning Consult has released the results of an interesting survey about 2016 Open Enrollment attitudes/intentions:

Premiums are slated to rise steeply next year for health plans across the board. Yet almost half of voters who have health coverage under Obamacare say they will keep their current plan through 2016, according to a new Morning Consult online poll.

The findings could be a worrying sign for the Obama administration, which is urging people who buy their insurance on state or federal exchanges to shop around for new plans to avoid premium increases. But the results could also be seen as a positive sign for Obamacare, generally. Half of enrollees are satisfied with their current plan and another one-third are comfortable enough with the online exchanges to look for cheaper coverage, as intended.

Almost lost in today's final* "weekly snapshot" report on Healthcare.Gov enrollment was this tidbit regarding the renewed enrollment breakout:

*(I really, really hope this isn't the final one...)

“More than half of the 4.17 million people who re-enrolled in coverage during Open Enrollment came back and actively selected a plan and more than half of those consumers selected a new plan,” said Andy Slavitt, Principal Deputy Administrator of CMS. “Based on my experience looking at enrollment trends with employer-sponsored coverage and Medicare, it is clear that Marketplace consumers are more active, engaged, and eager to shop for the coverage that's right for them.”