Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance Volume Flattens Out

Your article was successfully shared with the contacts you provided.

Business at slowed during the fifth and sixth weeks of the open enrollment period for 2018 individual health insurance.

The Affordable Care Act exchange program manager received 2018 plan selection information for 1.9 million people during the two-week period that ended Dec. 9, according to new data from the Centers for Medicare and Medicaid Services (CMS).

The number of people selecting plans was up 1% from the total for the comparable period in 2016, according to CMS data. recorded strong activity gains during the first four weeks of the open enrollment periods. Thanks to those gains, the six-week plan selection total is up 17%, year-over-year. plan issuers are on track to be covering 4.7 million people Jan. 1, 2018.

(Related: Posts 7.6% Growth for Weeks 3 and 4)

For the two-week period ending Dec. 9, the number of applications from people new to the exchange system was down 4.4%, year-over-year. The number of applications from newcomers was up 13%. received plan selection information for 1.2 million returning people and 660,191 newcomer people during that two-week period.

The U.S. Department of Health and Human Services, the parent of CMS, set up to run Affordable Care Act exchange programs for states that were unable or unwilling to handle all of the work themselves.

The District of Columbia and 11 states run their own ACA exchange programs., a public exchange enrollment tracking website, reports that the locally run exchange programs have 2.3 million people on track to have exchange plan coverage in place Jan. 1. That brings the national total to 7 million.

The open enrollment period for 2017 started Nov. 1, 2016, and ran until Jan. 31, 2017.

This year, CMS shortened the open enrollment period. The current enrollment period started Nov. 1 and is set to end Friday.

A web broker eHealth Inc., reported today that 56% of the consumers shopping on its site were unaware that the open enrollment period ends Friday.

Some have speculated that the shortened open enrollment period could cut enrollment.

In the past, however, plan selection information has flooded into close to key enrollment period deadlines. Last-minute activity has thrown off enrollment projections based on mid-enrollment-period signup counts.

—Read Posts Strong Second-Week Results on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on
Facebook and Twitter.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.