AustinHealthInsuranceCompaniesGrows AmidAffordableCareActEnrollment
Austinhealthinsurancecompanyparticipationis growingatamuchslowerratethaninrecent years,despiteAffordableCareActmembership exchangeplansskyrocketingthroughoutthe previousyearcourtesyofalengthyspecial enrollmentperiodunderthepandemicand enhancedpremiumtaxcredits. Thisnewswasannouncedina recentstudyconductedbythe RobertWoodJohnsonFoundation, findingthatthenumberofplans offeredundertheACAfor2022hit 15,638-a15%increasefrom 2021.
Thereportalsofounda notableshifttowardthe exchanges,withgrowthat 20%comparedto6.8%for off-exchangeplans. PeranarticleinFierceHealthcare,senior policyadvisorattheRobertWoodJohnson Foundation,KathyHempstead,wasquoted assayinginpart,"Intheshort-to-mediumrun, themostlikelyprospectforenrollmentgrowth willcomefromthecoverageprovisionsinthe BuildBackBetterActand
Thesetrendsmaytakelongerthananticipated tomaterialize,duetobothheadwindswiththe legislationandthepersistenceofthe pandemic."RickThornton,anAustinhealth insuranceagent,saidtherearesomenotable healthinsurancecompaniesmentionedinthe reportasnewentrantsintothe Whatthismeansisthatnearly allofthemajornationalhealth insurershavereturnedtothe marketplace,Hempstead added.
"Whetherthisbecomesafactor intheindividualmarket dependsonbothparticipation trendsandthepotentialfor marketgrowth,"shestatedin thearticle. Insurance4Dallasprovides consumerswithdetailed informationonhealth insurancewiththeabilityto purchasehealthinsurance online.
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