Those looking for more affordable healthcare plans can once again shop through their options through Obamacare. From November 1st, individuals can either sign up for a new health insurance plan or make changes to their current plan until January 31 next year. As the beginning of another enrollment season begins, the federal government once again highlighted the affordability and availability of health insurance plans for the coming year.
A Decrease in the Number of Plans
A report from CNBC, however, confirmed that the overall number of plans available on Obamacare has decreased for the first time by 16 percent. Officials, on the other hand, aren’t worried about this decrease, and assures that consumers are still able to choose from an average of 50 plans per county.
Compared to the average of nine insurers per state during the 2015 enrollment, officials stated that this number will be close to ten for this year. This, according to federal officials, will provide majority of consumers over three or more insurers to choose from.
Richard Frank, assistant secretary of planning at the U.S. Health and Human Services Department, said that consumers will still have affordable choices for 2016, noting that the healthcare marketplace remains stable.
HHS further stated that seven out of ten current customers can select a 2016 plan that will cost them $75 or less in monthly premiums. Majority of customers, meanwhile, can also select a plan that will cost less than $100 per month after subsidies.