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70 Percent of Consumers Can Find Marketplace Plans for Less than $75 Per Month
With Start of Window Shopping,
Americans Can Now Check Out Options for 2017 Coverage
With window shopping beginning
today, Health Insurance Marketplace consumers can now visit HealthCare.gov to
check out their options for 2017 coverage in advance of the start of Open
Enrollment on November 1. A new report released today shows that 72
percent of Marketplace consumers in states using HealthCare.gov will be able to
find plans with a premium of less than $75 per month and 77 percent will be
able to find plans with premiums below $100, taking into account financial
assistance. The report also shows that consumers will have options, with an
average of 30 health insurance plans to choose from.
“Thanks to financial assistance,
most Marketplace consumers this year will find plan options with premiums
between $50 and $100 per month,” said HHS Secretary Sylvia M. Burwell.
“Millions of uninsured Americans qualify for financial assistance, and so could
as many as 2.5 million Americans currently paying full price for
off-Marketplace coverage. I encourage anyone who might need 2017 coverage to
and check out this year’s options for yourself.”
Thanks in large part to the
Marketplace, in early 2016, the share of Americans without health insurance
fell to 8.6 percent, the lowest level in our nation’s
history. This year’s Open Enrollment offers the chance to build on that
progress and further improve access to care and financial security.
Financial Assistance and Shopping
Help Keep Coverage Affordable
Eighty-five percent of current
Marketplace consumers receive tax credits that bring down the cost of coverage,
and, nationwide, about the same percentage of Marketplace-eligible uninsured
Americans also have incomes that could qualify them for tax credits. In
addition, an estimated 2.5 million people currently paying
full price for health insurance in the off-Marketplace individual market could
be eligible for tax credits if they purchase 2017 coverage through the
To read more on the today's
announcement click here: