Enrollment in the Health Insurance Marketplace continued to rise in February to a five-month total of 4.2 million. The number of young adults selecting insurance plans continues to climb as well. Based on enrollment patterns in other health care programs, it is expected that more people will sign up as we get closer to the March 31 deadline.
“Now, during this final month of open enrollment our message to the American people is this: you still have time to get covered, but you’ll want to sign up today – the deadline is March 31st,” said HHS Secretary Kathleen Sebelius.
Key findings from the report released March 11 include:
More than 4.2 million (4,242,300) people selected Marketplace plans from Oct. 1, 2013, through Mar. 1, 2014, including 1.6 million in the State Based Marketplaces and 2.6 million in the Federally-facilitated Marketplace. About 943,000 people enrolled in the Health Insurance Marketplace plans in the February reporting period, which concluded March 1, 2014.
Of the more than 4.2 million:
55 percent are female and 45 percent are male;
31 percent are age 34 and under;
25 percent are between the ages of 18 and 34;
63 percent selected a Silver plan (up one percentage point over the prior reporting period), while 18 percent selected a Bronze plan (down one point); and
83 percent selected a plan and are eligible to receive Financial Assistance (up one point).
Today’s report details state-by-state information where available. In some states, only partial datasets were available.
The report features cumulative data for the five-month reporting period because some people apply, shop, and select a plan across monthly reporting periods. Enrollment is measured as those who selected a plan.
An addendum to the report, released by the HHS Assistant Secretary for Planning or Evaluation, tallied enrollment figures by state.In Missouri, 74,469 individuals selected health plans; 56 percent were female and 44 percent were male. The Silver plan was the most popular selection at 62 percent, Bronze, 19 percent, Gold at 17 percent and Catastrophic at 2 percent and no selections of the Platinum plan.
The 18- 34 age range make up 38 percent of Missourians insured through the Marketplace, followed by ages 55-64 at 31 percent; ages 45-54 at 22 percent; ages 35-44 at 16% and 4 percent under age 18. Persons age 65 and over, 0 percent.
Eighty five percent of Missourians who selected health plans are receiving some financial assistance with 15 percent not receiving assistance.
To read the report visit: http://aspe.hhs.gov/health/reports/2014/MarketPlaceEnrollment/Mar2014/ib_2014mar_enrollment.pdf
For state-level tables highlighting enrollment-related information for the Marketplace visit: http://aspe.hhs.gov/health/reports/2014/MarketPlaceEnrollment/Mar2014/ib_2014Mar_enrollAddendum.pdf