89% getting financial assistance
Over 100,000 Missouri residents selected plans through the federal health insurance exchange in the first month of open enrollment, according to a report released Tuesday by the U.S. Department of Health and Human Services.
The report states that 102,087 Missourians chose marketplace plans leading up to the Dec. 15 deadline for coverage beginning Jan. 1, 2015. The Associated Press reported that about 150,000 people in Missouri got health insurance through the website in 2014.
About 89 percent of Missourians who selected health insurance plans since open enrollment began Nov. 15 were determined to be eligible for financial assistance to lower their monthly premiums, compared to 80 percent who selected plans over a similar period last year.
Of the 102,087 Missouri residents who selected a plan, about half re-enrolled in a marketplace plan in 2015 and the other half signed up for the first time.
Because the automatic re-enrollment process for the 37 states using the HealthCare.gov platform (including Missouri) began on Dec. 16 and was completed for the vast majority of consumers on Dec. 18, Tuesday’s report with data through Dec. 15 does not fully capture the number of people who selected plans leading up to the deadline for Jan. 1, 2015, coverage.
Open enrollment in the marketplace runs through Feb. 15, 2015. Consumers shopping for health insurance coverage should sign up by Jan. 15, 2015, in order to have coverage effective on Feb. 1, 2015. For individuals who enroll between Jan. 16 and Feb. 15, 2015, their coverage will begin March 1.
If consumers who were automatically re-enrolled decide in the coming weeks that a better plan exists for their families, they can make that change at any time before the end of open enrollment on Feb. 15, 2015.