Exchange

Supporting 5.8M lives across 43 states, the individual exchange market remains strong with both competition and enrollment increasing as the federal marketplace is currently in a special enrollment period through the end of May 2021. Most insurers are entering into or expanding their service areas, while the number of states offering just a single plan decreased from 25 to 10 percent as plan participation increased in 13 of the federal marketplace states for 2021.https://www.cms.gov/CCIIO/Resources/Data-Resources/Downloads/2021QHPPremiumsChoiceReport.pdf https://www.kff.org/other/state-indicator/number-of-issuers-participating-in-the-individual-health-insurance-marketplace/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Number%20of%20Issuers%20in%202021%22,%22sort%22:%22desc%22%7Dhttps://360.avalere.com/state-policy-360/slides In addition, the federal government has committed to spending $50M in marketing and outreach for the special enrollment period, present date through May, 2021.

• Premiums have decreased for the third consecutive yearhttps://www.kff.org/private-insurance/issue-brief/how-aca-marketplace-premiums-are-changing-by-county-in-2021/
• E2021 open enrollment final data is expected to be higher by approximately 500,000 liveshttps://www.kff.org/policy-watch/what-to-expect-during-the-covid-marketplace-enrollment-period/
• Five states have their own individual mandates and some states are moving off of the federal platform onto their own state-based exchange operating modelhttps://360.avalere.com/state-policy-360/slideshttps://www.kff.org/health-reform/state-indicator/state-health-insurance-marketplace-types/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D

We have the resources and agility to respond to marketplace demands and changes.

Have questions about expanding your Marketplace Exchange program? Ask Us.