|By Marketwired .||
|May 1, 2014 05:47 PM EDT||
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.
(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.
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).
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2582286
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 30, 2015 12:00 AM EST Reads: 446
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 30, 2015 12:00 AM EST Reads: 417
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & 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.
Nov. 29, 2015 06:00 PM EST Reads: 233
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
Nov. 29, 2015 06:00 PM EST Reads: 441
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 29, 2015 04:00 PM EST Reads: 255
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 29, 2015 02:00 PM EST Reads: 485
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 29, 2015 01:00 PM EST Reads: 357
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Nov. 29, 2015 12:45 PM EST Reads: 421
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 29, 2015 12:30 PM EST Reads: 427
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 29, 2015 12:00 PM EST Reads: 528
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 29, 2015 11:45 AM EST Reads: 328
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 29, 2015 11:30 AM EST Reads: 276
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 29, 2015 10:00 AM EST Reads: 204
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 29, 2015 09:45 AM EST Reads: 454
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 29, 2015 09:15 AM EST Reads: 347