The biggest difference between the new, off-public exchange health insurance market and the old, traditional market is that outsiders can learn a little bit about what’s going on the market.
See also: 3 PPACA plan activity snapshots
Before the Patient Protection and Affordable Care Act (PPACA) exchange program and commercial coverage requirements lurched to life, the only to find out what was going on in the market was to call a large number of brokers and hope that they were giving reasonably representative answers.
Now eHealth Inc. (Nasdaq:EHTH) is trying to shed some light on the off-exchange market by posting reports on what its customers are doing.
The company does not give volume figures in the reports, but it does give some insights on which customers are buying which policies, and how much they’re paying.
The company says, for example, that monthly premiums for the family coverage purchased have averaged $751, or about 3 percent higher than what eHealth customers were paying for unsubsidized family coverage during the first half of the open enrollment period for 2014.
For PPACA-compliant off-exchange plans, as for exchange plans, open enrollment started Nov. 15 and is set to end Feb. 15.
For more about what eHealth is reporting, read on.
1. Deductibles are getting a little bigger
The size of the average deductible has increased 4 percent for individual plans and 6 percent for family plans, to $3,981 for individuals and $7,969 for families.