Smart Benefits: Obamacare Exchanges: Enrollment Expectations

October 7, 2014 12:57 PM

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Smart Benefits: Obamacare Exchanges: Enrollment Expectations

-Enrollment Period: The 2015 open enrollment period will end Feb. 15, and be about three months shorter than Obamacare's first season. -Plan Options: The number of insurers set to sell health plans on Obamacare exchanges next year is 25 percent higher than for 2014, meaning more choices for consumers. -Tax Penalties: About 30 million people remain uninsured and will face tax penalties for the first time unless they can secure an exemption. -Website Availability: The technology glitches that plagued HealthCare.gov may be largely resolved. -Premium Rates: According to PricewaterhouseCoopers, in the 38 states and D.C. that have finalized rates or released proposed rates for individual insurance plans, the average premium would rise 6 percent from last year to $382 per month, before subsidies are factored in. Despite this average, however, actual premium costs vary significantly, for example, from a 22% decrease to a 35% increase (in Colorado).

-Enrollment Period: The 2015 open enrollment period will end Feb. 15, and be about three months shorter than Obamacare's first season.

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