Open Enrollment Take 2: What Matters for the ACA Marketplace?

via RAND Corporation

By the end of 2014, more than 6.5 million people were enrolled in health insurance plans through the Affordable Care Act (ACA) Marketplace, also called the “exchanges.” In some cases, this was relatively easy. But for many, the ACA’s first open-enrollment period was a confusing and frustrating time, compounded by a lack of clear, easy-to-understand information about plan options, coverage, and cost.

A reporter reads a summary of the performance and usage of the Massachusetts ACA health insurance exchange, Boston, November 17, 2014

As the second open-enrollment period draws to its February 15 close, people eligible to use the Marketplace fall into one of two groups: those who didn’t enroll in 2014; and those who enrolled last year, but must re-enroll in 2015.

Current efforts are largely focused on reducing the number of uninsured. That means zeroing in on the first group: those who didn’t enroll last year. Lots of time and resources are required to help these harder-to-reach individuals enroll. This may leave less time and resources to help the second group—those who enrolled last year—reconsider their 2014 choices.

Why is this an issue? Because it’s not just the number of people enrolled that matters. The plan they select is important, too…

To Read the Full RAND Article by Laurie Martin – CLICK HERE

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About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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