A big Web broker, eHealth Inc. (Nasdaq:EHTH), has used its own site activity data to come up with preliminary data on sales of individual and family major medical coverage for 2015.
The broker sells Patient Protection and Affordable Care Act (PPACA) public exchange plan coverage, or exchange qualified health plan (QHP) coverage, in California and in all of the states in which U.S. Department of Health and Human Services (HHS) oversees PPACA exchange coverage.
The company also sells PPACA-compliant individual and family coverage throughout the country.
What Your Peers Are Reading
The second annual PPACA open enrollment period began Oct. 15 and ends Feb. 15, 2015. The application deadline for coverage that starts Jan. 1, 2015, is Dec. 15.
The early 2015 market activity statistics eHealth developed reflect the purchases of consumers who did not use PPACA QHP premium subsidy tax credits. The numbers also include results from surveys the non-subsidy consumers filled out after shopping for coverage.
To learn more about what eHealth is seeing, read on.
1. The average premium for individual coverage has increased 16 percent
The average monthly premiums for individual 2015 coverage rose to $315, up 16 percent from the 2014 average.
The average premium for family coverage increased 14 percent, to $760.