OE4

***COUNTDOWN TO OPEN ENROLLMENT ***

More Than 70 Percent of Consumers Can Find Marketplace Plans for Less than $75 Per Month

With Start of Window Shopping, Americans Can Now Check Out Options for 2017 Coverage

With window shopping beginning today, Health Insurance Marketplace consumers can now visit HealthCare.gov to check out their options for 2017 coverage in advance of the start of Open Enrollment on November 1. A new report released today shows that 72 percent of Marketplace consumers in states using HealthCare.gov will be able to find plans with a premium of less than $75 per month and 77 percent will be able to find plans with premiums below $100, taking into account financial assistance. The report also shows that consumers will have options, with an average of 30 health insurance plans to choose from.

I wrote the following almost exactly 1 year ago, regarding news that the total number/variety of plans available via HC.gov was dropping from the previous year:

While this sounds negative overall, in some ways it actually could be good news. For instance, the Massachusetts exchange deliberately cut down on the number of plans available:

Consumers can expect at least two big changes this fall when they go shopping for their 2016 health insurance through the Massachusetts Health Connector: significantly fewer choices, and a new mechanism to find out which care networks include their doctors.

The Connector staff told the agency’s governing board Thursday that the number of plans offered next year will be no more than 81, down from the current 126.

The board had agreed in March that the Connector needed to simplify its offerings. The differences among the plans were described as too small to justify the confusion caused by so many options.

Unfortunately, due to an ongoing side project of mine, I haven't had a chance to write up a full analysis/projection for OE4 as I usually do around this time.

However, I've been informed that the HHS Dept. plans on issuing their 2017 Open Enrollment projections in the near future, so I'm throwing this out there quickly:

I expect somewhere between 13.5 - 14.0 million people are likely to select QHPs via the ACA exchanges during the 2017 Open Enrollment Period (which runs from 11/01/16 - 1/31/17).

As always, it's important to remember that QHP selections are not the same as effectuated policies...there's usually around 10% or so of enrollees who never bother paying their first premium and thus are never actually enrolled, and of course there's attrition after that as people drop their policies after 1, 2, 3 months or more for various reasons (many replaced by new enrollees via SEPs and so forth).

UPDATE: Oh for heaven's sake. Turns out HHS is projecting 13.8 million...but no one will ever believe that my own expectations were around the same range because they announced it half an hour ago and I didn't notice.

(sigh) OK, believe me or don't. So be it.

OK, this is earlier than I expected...Your Health Idaho has decided to be first out of the gate with official 2017 ACA Exchange Window Shopping: 

October 1, 2016

Preview Health and Dental Plans on Your Health Idaho

BOISE, Idaho – Starting today, Idahoans can get a preview on YourHealthIdaho.org of the 225 different health and dental insurance plans being offered on the exchange in 2017.

“Before open enrollment begins on November 1, Idahoans can preview and compare different health and dental insurance plans to figure out which one best meets their needs,” said Pat Kelly, executive director of Your Health Idaho. “There are not only more plans being offered this year than ever before, but customers can see the size of the plan’s network to get a full perspective on the choices available to them.”

Prior to the 2017 open enrollment period, health insurance carriers will reach out to their customers to inform them of any changes to their current plan, including differences in rates and deductibles.

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