One web-based health insurance broker says it may have accounted for about 14% of HealthCare.gov’s health plan signups for 2020 coverage.
HealthSherpa helped about 1.2 million people sign up for coverage during the HealthCare.gov open enrollment period for 2020 coverage, or 143% people than it helped during the HealthCare.gov open enrollment period for 2019 coverage, according to HealthSherpa data.
Federal premium subsidies helped hold monthly out-of-pocket premium costs to $47 or less for the typical consumer who signed up for coverage, according to HealthSherpa.
HealthCare.gov officials revealed this summer that agents and brokers accounted for about 44% of HealthCare.gov’s signups for 2019 coverage.
HealthSherpa helps people sign up for Affordable Care Act public exchange plan coverage directly, and it also helps agents and brokers sign their customers up for health coverage. That means activity gains at the Mountain View, California-based company might be a sign that agents and brokers have been selling a lot more individual health insurance.
HealthCare.gov is part of the Affordable Care Act public exchange system. The ACA public exchange system is supposed to be a web-based supermarket for health insurance.
Congress put the laws that created the ACA public exchange system in the ACA in an effort to encourage young, healthy people to pay for private health insurance, by providing an easy way for people to shop for policies.
The U.S. Department of Health and Human Services set up HealthCare.gov to provide ACA public exchange plan enrollment and administration services for the residents of states that were unable or unwilling to handle all public exchange services themselves.
HealthCare.gov now serves the residents of 38 states. It’s open enrollment period, or time when people can sign up for coverage without having what the exchange classifies as a good reason to be buying coverage, ran from Nov. 1 through Dec. 15.