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Health Insurance Exchange Changes Expected for Enrollment Year 2015
The first three installments of this four-part series on Health Insurance Exchanges explored issues pertinent to beneficiaries and insurers in light of the opening of the Federal Health Insurance Marketplace, as well as other health insurance options, such as Consumer Operated and Oriented Plans (CO-OPs) and Employer Insurance Plans.
Click to access EXCHANGES.pdf
This fourth and final installment discusses the expected changes for the Health Insurance Exchanges in enrollment year 2015, as well as the issues pertinent to consumers as the November 2014 commencement of the open enrollment period approaches.
via: Ann Miller RN MHA
http://www.HealthCapital.com
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13.4% (42 million) had no health insurance coverage for all of 2013
According to a report from the United States Census Bureau:
• 86.6% of people had health insurance for all or part of last year. (2013)
• 64.2% of individuals were covered by private health insurance. (2013)
• 53.9% were covered by employment-based health insurance. (2013)
• 34.3% of the population was covered by government health insurance. (2013)
• 17.3% of people were covered by Medicaid last year. (2013)
• 15.6% of people were covered by Medicare last year. (2013)
• 7.6% of children (under age 19) were uninsured. (2013)
Note: This report presents data on health insurance coverage in the United States based on information collected in the 2014 Current Population Survey Annual Social and Economic Supplement (CPS ASEC) conducted by the U.S. Census Bureau.
Source: United States Census Bureau
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HHS: Preliminary Improvements To The 2015 Insurance Marketplace
1. In the 44 states for which we have data, 77 issuers will offer new coverage in 2015
2. The Federal Marketplace states alone will have 57 more issuers in 2015; a 30 percent net increase over this year
3. The eight State-based Marketplaces where data is already available will have a total of six more issuers in 2015, a ten percent net increase over this year
4. Four of the 36 states in the Federal Marketplace will have at least double the number of issuers they had in 2014
5. In total, 36 states of the 44 will have at least one new issuer next year
Source: The Department of Health and Human Services
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Kaiser: Percentage of covered workers in partially or self-funded plans
As cited in the December 2014 issue of Employee Benefit News, the percentage of covered workers in partially or completely self-funded plans, by firm size are listed below:
• 2010: Small firms – 16%, Large firms – 83%
• 2011: Small firms – 13%, Large firms – 82%
• 2012: Small firms – 15%, Large firms – 81%
• 2013: Small firms – 16%, Large firms – 83%
• 2014: Small firms – 15%, Large firms – 81%
Note: Small firms consist of 3-199 workers while Large firms consist of 200+ workers.
Source: Kaiser Family Foundation/HRET Survey of Employer-Sponsored Health Benefits, 2014
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