Friday, October 17, 2014

Most PPACA enrollees will change plans



October 14, 2014

 

Though it’s a new feature this year, it looks like most Patient Protection and Affordable Care Act enrollees won’t be auto-enrolling in their plans.

 

Two-thirds of consumers covered through PPACA say they plan to change plans in 2015, according to a survey by Radius Global Market Research.

That desire to change plans comes despite most enrollees reporting satisfaction with their plans. Just 20 percent of those with PPACA plans said they are not satisfied with their current coverage. Still, most enrollees indicated they thought they could still buy better coverage.

“Consumers feel that there are opportunities to get more value from the current health insurance market,” said Kathleen Relias, senior vice president of Radius GMR and head of its health care practice. “Plans need to develop specific strategies to avoid significant customer churn in the coming months.”

Top priorities in health plans, consumers said, include improved access to doctors and care. More than half of survey respondents expect their health care premiums to increase in the next six months. More than one-third of those who switched primary doctors after joining PPACA plans did so because their doctor was not on the new plan. And about one in four households are visiting their doctor less frequently and/or experiencing longer office wait times, the survey found.

 

Consumers will have plenty of options to shift through this year: Federal health officials say nearly 80 new carriers will participate in PPACA’s marketplace this year, increasing the number of participating carriers by 25 percent.

 

Open enrollment begins Nov. 15.

In PPACA's first enrollment, 7.3 million consumers enrolled.

 

Relias said that carriers and plans would benefit from boosting efforts to educate consumers about PPACA.

“Overall satisfaction was stronger among those enrollees who reported receiving adequate explanation of ACA coverage. Only 44 percent of Americans feel they are well informed.”

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