Now that we are two years into the Affordable Care Act, nearly anyone who does not receive health insurance benefits from an employer must purchase their own health insurance plan by law. What many might not realize is that a state exchange or the federal marketplace is not the only option for buying a healthcare plan, and there could be extra benefits for shopping away from the government exchanges.
This time, you really need to shop around when searching for a health plan during the next Open Enrollment Period, which runs November 1, 2015 to February 15, 2016.
This is part 2 of a 2 part series.
In the first part of this series, we reviewed a survey by the GenRe Life Corporation that asked employees of various ages what their thoughts and perceptions were about the health insurance exchanges. We focused particularly on millennials, who identified technology and savings on healthcare plans as primary levels of interest for the exchanges, compared to other age levels that participated in the survey. In summary:
After the close of the 2015 health insurance open enrollment period, the federal marketplace boasted a 61% increase in sign-ups on healthcare.gov. But the 14 state exchanges had little to talk about, posting a meager 12% increase in enrollments – just 2.8 million new people.1
In a recent two-part survey organized by GenRe Life Corporation, researchers asked individuals about their thoughts and perspectives regarding health insurance exchanges. Consumers interviewed were required to have at least some knowledge of a health insurance exchange, although a majority of interviewees had a health insurance plan through their employer.