CeCo Insurance


Commercial /
Business Owners
Life / Health

Healthcare LawThe hundreds of hours clocked by health insurance agents during the 2015 open enrollment period have been met with little fanfare, either from agency accountants or consumers themselves.

According to a new poll from the Deloitte Center for Health Solutions, the vast majority of enrollees in new plans offered through the Affordable Care Act exchanges are not happy with their insurance. In fact, just 30% of respondents said they were satisfied with policies purchased through the online marketplaces, compared with 42% satisfaction from people with employer-sponsored plans, 48% satisfaction with Medicaid and 58% satisfaction with Medicare.

Cost remains the biggest factor in customer unhappiness. With out-of-pocket costs capped at a sky-high $6,600 per person, many respondents say their cost-sharing burden may as well be $600,000, it's so unlikely they will be able to pay it.

Indeed, an analysis from consulting firm HealthPocket found that the average deductible for a silver-level Obamacare plan last year was $2,907 – more than twice the average deductible required in an employer-sponsored plans.

Furthermore, one in three Obamacare enrollees reported difficulty paying their out of pocket expenses and just 24% told Deloitte they were confident they could get affordable healthcare when they needed it.

That compares to 27% confidence among enrollees in employer-sponsored plans and 38% confidence among those using Medicare.

It doesn't seem likely that these sentiments will change soon, either. The majority of insurers participating in state and federal exchanges say they paid out more in claims than they collected in premiums last year, and health plans are seeking increases of 10% to 40% for the upcoming open enrollment season.

"Our claims experience has not slowed at all," said Scott Keefer, a vice president of Blue Cross and Blue Shield of Minnesota, which requested rate increases of an average 50% on its plans."The trend has gotten a little worse than we expected."

There were some bright spots in the Deloitte survey, however. More than 70% of Obamacare enrollees who have used their benefits said they may not have been able to get the care they received without their current plans.

Additionally, other surveys have indicated a higher level of satisfaction among new ACA enrollees. According to research done by the Commonwealth Fund in June, 81% of people were satisfied with their coverage.
Make sure your employees have the coverage they need. Call CECO Insurance at (512) 358-5137 for more information on Round Rock group health insurance.

(Article courtesy: Insurance Business America)
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2015

View Mobile Version
Connect With Us: Facebook LinkedIn Google+ Social

Visit Us

CECO Insurance
304 W Main Street
Round Rock, TX 78664

P: 512.358.6137
F: 512.300.0800
Contact Us
CeCo Insurance

Site Links

Auto Insurance
Home Insurance
Commercial / Business Owners
Life / Health Insurance
Recreational Insurance
Other Insurance Types


Powered by Insurance Website Builder