CMS Releases Data on 2015 Health Insurance Plans, Finding Increased Choice and Competition on Marketplace
One day before Marketplaces across the country opened for Open Enrollment, CMS released data indicating increased consumer choice on the Federally Facilitated Marketplace (FFM), with more than 90% of consumers able to choose from three or more issuers, as compared to 74% last year. In addition, the average number of plans a consumer can choose from has grown from 31 plans in 2014 to 40 plans in 2015. Data released includes: (i) Health Insurance Marketplace Landscape files, which provide premium and cost-sharing data for select services and scenarios on medical and dental plans offered by FFM individual and small business Marketplaces; (ii) Health Insurance Marketplace public use files, with more detailed information intended for researchers; and (iii) Final 2015 rate information for individual and small group market plans offered on and off the FFM and State-based Marketplaces for all states and DC.
Open Enrollment Weekend Opens with 100,000 New Sign Ups
More than 100,000 individuals signed up for coverage on the Federally Facilitated Marketplace on the first day of Open Enrollment, according to Obama Administration officials. The same day, 500,000 people logged onto the site to set up accounts, obtain information, and browse plans. The Administration said this year’s enrollment went smoothly, a sharp contrast from last year when just six people signed up for coverage on the site’s first day. Notwithstanding, some returning users experienced problems accessing or setting up their user name and password, issues which are currently being investigated by HHS.
Maryland: QHP Browsing Tool Popular on Marketplace Website
With the Maryland Health Connection website opening for consumers on November 19, the Board reported that over 10,000 individuals have used the anonymous qualified health plan browsing tool since its launch on November 9. Additionally, Maryland’s greater use of social and digital media is expected to provide real-time consumer assistance and relieve call-center wait times.
Nevada: Marketplace Tracks Renewal and Enrollment Strategies
As part of the Silver State Exchange’s “Re-Enroll Initiative,” the State is tracking email reminder “open rates” – achieving 33% and 17% open rates for first and second email reminders, respectively. The State is also planning for new enrollment, with in-person enrollment stores opened as of November 15, and with 20,700 visitors to the new Exchange website tracked since the November 2 launch.