Window Shopping for 2017 Coverage has Begun

A total of 16,006 2017 health insurance plans and premium pricing from 167 issuers are now available for consumers to browse on healthcare.gov.

With just under a week until open enrollment, consumers may utilize this time to compare monthly premiums, deductibles, and co-payment amounts from health issuers offering coverage in their area. Most state-run health insurance exchanges have already launched a similar shopping window for residents that are looking to enroll themselves and/or their family.

On October 19, Secretary Sylvia Burwell (@SecBurwell) announced a prediction that 13.8 Million would enroll in coverage during the 2017PY. This is up 9.9% from last year, where nearly 13 Million consumers enrolled or renewed in coverage. This includes:

  • 9.2 Million re‐enrollees
  • 3.5 Million uninsured individuals
  • 1.1 Million individuals with 2016 off‐exchange coverage

An additional 650,000 individuals are anticipated to enroll in coverage through New York and Minnesota’s Basic Health Programs (BHP) [1] .

While the uninsured rate has reached a record low (8.6%)- down from 20% of the U.S. population in 2010 – many Americans still remain uninsured. Earlier this month (October 13), the Centers for Medicare and Medicaid Services disclosed details of its outreach campaign strategy to enroll those lacking coverage, many between the ages of 18-34.

“Americans deserve affordable coverage, and we are running a data-driven program to better connect eligible people with health insurance,” said Kevin Counihan, HealthCare.gov CEO [2]. “This year, we’ll be putting that knowledge to work with smarter targeting and new tactics. I’m confident our outreach campaign will give more consumers the information they need and help us continue our historic progress in reducing the number of uninsured” [2].

According to the Commonwealth Fund’s Affordable Care Act (ACA) Tracking Survey, nearly half of uninsured adults are unaware of the financial assistance available to help pay for health insurance. Despite the fact that about 85 percent of Marketplace-eligible uninsured Americans could qualify for financial help.

Consumers will have to wait until Nov. 1 to select and enroll in coverage, which will go into effect on January 1.

[1] https://aspe.hhs.gov/pdf-report/marketplace-enrollment-projections-2017
[2] https://www.cms.gov/Newsroom/MediaReleaseDatabase/Press-releases/2016-Press-releases-items/2016-10-13-2.html

The views and opinions expressed by the authors on this blog website and those providing comments are theirs alone, and do not reflect the opinions of Softheon, Inc. (dba Welltheos). 

Print Friendly
Yvonne Villante
Follow us

Yvonne Villante

Senior Research Manager, Healthcare Reform at Welltheos
As our Senior Research Manager, I work closely with our Solution Architect, Product Management, and Sales teams. My role centers around competitive and market analyses, constructing premium content (whitepapers, research briefs, infographics), curating stories for our newsletters, and blogging.

I earned my BAA from the State University of New York at Stony Brook and MBA in Healthcare Administration from the University of Ohio (Athens). I was born and raised on Long Island, NY and enjoy capturing what the island has to offer through photography.
Yvonne Villante
Follow us

Leave a Reply

%d bloggers like this: