State-Based Health Exchanges Achieve Unprecedented Enrollment, Providing Access to Health Insurance for Millions
Record-breaking open enrollment period showcases the success of state-based exchanges and highlights increased accessibility to comprehensive health coverage for individuals and families.
The surge in enrollments is, in part, a ripple effect of policy adjustments that culminated in 2023. Medicaid's continuous enrollment, enacted during the COVID-19 pandemic, came to end, and millions of Americans were disenrolled. But, due to the extension of enhanced tax credits from the American Rescue Plan Act (ARPA) those who lost Medicaid coverage had the opportunity to find affordable coverage on the exchanges. The resolution of the "family glitch" last year also expanded federal subsidies to millions of family members, particularly those from lower-income backgrounds.
"Our partnership with GetInsured, which began in 2014, has played a crucial role in the enrollment and eligibility process for our consumers. The move to real-time eligibility in 2022 simplified the process even further, which is evidenced by our 61% enrollment growth since the integration. This open enrollment period alone saw a 31% enrollment increase," said
As a result of these policy changes, as well as each state's marketing and outreach efforts, each of GetInsured's client states announced an increase in enrollment over the previous year.
- Last year, Your Health Idaho,
Idaho's health insurance marketplace, transitioned to a modern real-time eligibility system that delivers tax credit results in seconds and entails tight integration and collaboration with theIdaho Department of Health and Welfare . This tight integration was critical to the state's 31% conversion rate of Idahoans moving from Medicaid to a marketplace plan during unwinding. Virginia's Health Insurance Marketplace , in its inaugural year, experienced a nearly 14% increase in enrollments, with over 400,000 Virginians signing up for coverage. This increase is an example of how state-specific marketing and outreach available to state-based exchanges helps to grow enrollment.- The
Minnesota exchange, MNsure, which is also planning to upgrade its eligibility system next year, increased enrollment by 12%, enrolling more than 135,000 consumers. - Nevada Health Link recently announced that 99,312 Nevadans enrolled in health insurance plans, making it the second-highest total in the state's history.
- Washington Health Benefit Exchange also achieved exceptional results, with more than 272,494 Washingtonians renewing or signing up for health insurance plans—an 18% increase over last year.
Pennsylvania's state-based exchange, Pennie®, reported an impressive figure of nearly 435,000 enrollees, representing a significant 17% increase compared to the previous year.- Get Covered New Jersey enrolled more than 366,000
New Jersey residents in the first nine weeks of the Open Enrollment Period that started onNovember 1, 2023 . As of week nine, overall plan selection totals were already at an all-time high and were up 14 percent compared to the same time period last year. The state ofNew Jersey offers residents access to additional premium savings through a state subsidy program only available through Get Covered New Jersey. - Georgia Access, which operated this year as a state-based exchange on the Federal platform (SBE-FP) as it transitions to a full state-based exchange, saw a 33% increase in enrollment. This year,
Georgia had tighter control on marketing and outreach thanks to the data available on the SBE platform, which contributed to the state's large increase.
"We are proud to have had our technology play a part in providing peace of mind to individuals and families across the country," said
The increased enrollment volume was also seen in the
As policy changes continue to shape the landscape of health care, our platform and consumer assistance center team will adapt to meet the evolving needs of both states and individuals.
About GetInsured
GetInsured is a leading technology provider for state-based health insurance exchanges, offering an ACA-compliant cloud-based SaaS technology platform and integrated consumer assistance center operations. Our platform empowers states to run their exchanges efficiently, achieve cost savings, and have greater autonomy over their insurance markets, contributing to broader health reform goals. With a trusted track record, GetInsured serves as a technology partner for states such as
Press Contact
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/state-based-health-exchanges-achieve-unprecedented-enrollment-providing-access-to-health-insurance-for-millions-302054975.html
SOURCE GETINSURED
Lemonade To Announce Fourth Quarter 2023 Financial Results
Cyber Insurance Market Growing Dramatically, Triple-I Finds
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News