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Open Enrollment to Undergo Changes for Year 3
Changes in open enrollments to come and evolving state and federal policies promise new uncertainties for insurers trying to soundly price their plans and retain membership.
Changes in open enrollments to come and evolving state and federal policies promise new uncertainties for insurers trying to soundly price their plans and retain membership.
This open enrollment period, the second in the new Affordable Care Act individual market, will likely be the last that runs from the fall into the benefit year, where consumers can switch plans after starting on one they were enrolled in.
With subsidies linked to the second lowest-cost silver plan and some price shocks being likely for those who don’t switch year-over-year, consumers this year have had the benefit of being able to switch plans between January 1st and February 15. Those who were auto-enrolled in their 2014 plan only to see their premiums going up had more than a month to switch.
Read more at Healthcare Payer News: http://bit.ly/1DChBlM
