Nearly 950,000 sign up on HealthCare.gov after open enrollment

Almost 950,000 consumers chose healthcare coverage on HealthCare.gov when they became eligible following the latest open enrollment period.

The statistic includes people who selected plans between Feb. 23, 2015 and June 30, 2015 in the 37 states that utilize the federal exchange.

Approximately 85 percent of those who selected a plan did so for one of three reasons. Fifty percent lost their insurance required by law, almost 20 percent learned they were ineligible for Medicaid and 15 percent received coverage during a special enrollment period for people who discovered they would have to pay a penalty for not having health insurance through the Affordable Care Act.

"So far this year, nearly 950,000 people have gained the peace of mind that comes with access to coverage by taking advantage of a special enrollment period, providing us with further evidence that the health insurance marketplace is working for America's families," said Kevin Counihan, CEO of HealthCare.gov.

The next open enrollment period for Marketplace coverage begins on November 1, 2015 for coverage starting on January 1, 2016.

More articles on payer issues:
Health insurers in the news: Week in review August 7-13
How the 'Big 5' health insurers fared in Q2
Uninsured rate falls 5.6 points since 2013: 4 things to know

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Top 40 articles from the past 6 months