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
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
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
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 (
- Premiums for individual coverage averaged
$271per month and premiums for family plans averaged $667per month.
- The average annual deductible for individual plans was
$4,164and 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:
Alaskawas the state with the highest average monthly premium for individual plans ($452); New Jerseyhad the highest average premium for family plans ($987). Minnesotawas 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
$271for individual coverage and $603for 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
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 reports2that:
October 1, 2013and 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
2 Based on a voluntary survey of eHealth customers with a total of 3,356 responses collected in the noted time period.