Click here to close now.




















Welcome!

News Feed Item

New eHealth Index Report Highlights Off-Exchange Consumer Trends and Costs for First Obamacare Open Enrollment Period

Health Insurance Price Index Report Cites Shifts in Premiums, Age of Enrollees, and Coverage by Metal Level for Plans Selected Through eHealth During the Six Months of Open Enrollment

MOUNTAIN VIEW, CA -- (Marketwired) -- 05/01/14 -- According to a report released today by eHealth, Inc. (NASDAQ: EHTH) (www.ehealth.com), which operates eHealthInsurance.com, the nation's first and largest private online health insurance exchange, consumers shopping through eHealth's non-governmental marketplace during the recent open enrollment period chose plans with monthly premiums averaging $271 for individual coverage and $667 for family coverage. The age of shoppers trended younger than government exchanges, with young adults between the ages of 18 and 34 accounting for 42% of all persons submitting health insurance applications through eHealth during the six-month period.

The national average monthly premium for individual plans selected during open enrollment was 38% higher compared to the average monthly premium for individual plans in February 2013. The national average monthly premium for family plans selected during open enrollment was 57% higher than for family plans in February 2013. The average annual deductible for individual plans selected during open enrollment was $4,164, a 25% increase over the average annual deductible in February 2013(1). Plans with coverage in effect prior to January 1, 2014 were not compliant with the Affordable Care Act (ACA) and may not have provided the same benefits or levels of coverage.

eHealth's latest Health Insurance Price Index report, a companion to the company's online daily Price Index, presents an analysis of consumer trends and costs for the off-exchange individual and family health insurance market based on more than 213,000 individual and family health insurance applications submitted by eHealth customers between October 1, 2013 and March 31, 2014. The report also provides snapshots of cost and plan selection data for the first quarter of 2014 (January - March 2014). The data focuses on 2014 Affordable Care Act plans without a subsidy applied.

The full report may be found at eHealth's Media Center. Highlights of eHealth's new Health Insurance Price Index report for the ACA's full open enrollment period (October 2013 - March 2014) include the following:

  • Premiums for individual coverage averaged $271 per month and premiums for family plans averaged $667 per month.
  • The average annual deductible for individual plans was $4,164 and the average annual deductible for family plans was $7,771.
  • Average premiums for plans selected by consumers in the second half of the open enrollment period (January - March 2014) were 17% lower for individual coverage and 13% lower for family coverage compared to ACA-compliant plans selected by eHealth customers in the first half of open enrollment (October - December 2013).
  • Bronze was the most common plan metal level selected by both individual and family health insurance shoppers. Average monthly premiums for individual plans by metal level were:
    • Catastrophic: $134
    • Bronze: $259
    • Silver: $328
    • Gold: $353
    • Platinum: $411
  • Alaska was the state with the highest average monthly premium for individual plans ($452); New Jersey had the highest average premium for family plans ($987).
  • Minnesota was the state with the lowest average monthly premium for individual plans ($191); Oklahoma had the lowest average monthly premium for family plans ($476).
  • Plans eligible for use with a Health Savings Account (HSA) accounted for 32% of all plans selected. The average monthly premium for HSA-eligible plans was $271 for individual coverage and $603 for family coverage.
  • Young adults between the ages of 18 and 34 accounted for 42% of all persons submitting health insurance applications through eHealth during open enrollment.
  • Slightly more than half (52%) of eHealth shoppers were women; 48% were men; the average age was 38.
  • PPO plans were the most popular among eHealth shoppers (45%) while HMO plans were also popular (39%).

eHealth is one of the few organizations with national source health insurance data that broadly reflects consumer buying patterns and purchase prices in the self-purchased individual and family health insurance market. eHealth's report provides insights into the large segment of the individual and family health insurance market which may not qualify for or elect to use government subsidies, and which may shop for coverage through sources other than government exchanges.

Data presented in eHealth's report is based solely on rates quoted for health insurance applications submitted by consumers through the company's website, eHealthInsurance.com, in the specified time period. It does not offer a comprehensive view of costs for all plans available through eHealth, through the market as a whole, or through government exchanges. State-specific cost data is only presented in states and for periods where a minimum sample of 100 submitted applications was available. Unlike eHealth's previous Health Insurance Price Index report, published in February 2014, the present report does not include in its analysis pre-2014 plans not compliant with the Affordable Care Act, though these plans were still available in the October - December 2013 period. Certain applications missing key data fields relevant for the analysis may have been removed from the total sample. For more information on the methods employed for the collection and analysis of data, please refer to the methodology section at the end of the report.

Reaching the Previously Uninsured
In addition to launching its latest Health Insurance Price Index report, eHealth also announced results from an ongoing shopper survey. During the six-month open enrollment period established by the Affordable Care Act, eHealth asked shoppers about their insurance status prior to visiting eHealth. Based on the responses, the company reports(2) that:

  • Between October 1, 2013 and March 31, 2014, more than four-in-ten (44%) eHealth shoppers participating in the poll identified themselves as uninsured.

Notes:

(1) Limited to plans purchased through eHealthInsurance.com as reported by eHealth's Cost and Benefits report published in December 2013. 2013 cost figures are based on plans with coverage in effect as of February 2013; figures in the new report are based on health insurance applications submitted by eHealth customers between October 2013 and March 2014. For additional information and methodology details for the 2013 Cost and Benefits report, see: http://news.ehealthinsurance.com/_ir/68/201311/eHealth%202013%20Cost%20and%20Benefits%20Report.pdf
(2) Based on a voluntary survey of eHealth customers with a total of 3,356 responses collected in the noted time period.

About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates eHealthInsurance.com, the Nation's first and largest private health insurance exchange where individuals, families and small businesses can compare health insurance products from leading insurers side by side and purchase and enroll in coverage online. eHealthInsurance offers thousands of individual, family and small business health plans underwritten by more than 200 of the nation's leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia. eHealth, Inc. also provides powerful online and pharmacy-based tools to help Medicare beneficiaries navigate Medicare health insurance options, choose the right plan and enroll in select plans online through PlanPrescriber.com (www.planprescriber.com) and eHealthMedicare.com (www.eHealthMedicare.com).

For more health insurance news and information, visit the eHealth consumer blog: Get Smart - Get Covered or visit eHealth's Affordable Care Act Resource Center at www.eHealth.com/affordable-care-act.

PDF Attachment Available: http://news.ehealthinsurance.com/_ir/68/20144/eHealth%20Health%20Insurance%20Price%20Index%20Report%20for%20Open%20Enrollment%20and%20Q1%202014.pdf

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2582286

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...