New Enrollment Numbers

[RayNY]

It's a really weak estimate, but I haven't seen an official one, so...

Subsidy is available between $15,280 and $45,960, $29,270 average. About $100/month subsidy depending on the state at that income average.

Makes the math really easy, $170,000,000.00x12= $2,040,000,000.00

About 2 billion per year, which seems really low considering how much other parts of this have cost so far.

 

[russelltw]

My average subsidy is $366 per month per person. That is 72.7% of the total premium.

 

[RayNY]

Russell,

That's good info, but keep in mind, it doesn't extrapolate too well (really, not much of this does). Argument's sake, in NY, at $16,000 you get a $322 subsidy. $366 isn't even possible due to how cheap our reference silver is, and that pricing isn't unique. I was being very conservative in my estimate, but the truth is probably somewhere between our numbers.

There are some notable exceptions, like those spots with $700+ silver plans (*cough* Mississippi *cough*), but I don't think the nationwide average will be as high as $366. I'd hazard the guess it's somewhere in the $250-$300/mo ballpark, but that data will be out soon enough.

 

[russelltw]

Obviously mine is from those I wrote. Most will be older people. I wrote very few families because of the kids being sent to Medicaid or NC Healthchoice. Did not want to deal with the trouble that will become. I focused on those 50 and older. So my subsidies are likely higher than average. The total amount of subsidy from just those I wrote is very high. I cannot imagine what this will be nationwide.

Finished one today, Silver Enhanced....$700 MOOP with $0.25/month premium ($600 subsidy). Client was previously on an HSA with $2,700 deductible and $200+ premium. Income was just above 100% FPL.

 

[houcoogster]

3 million have signed up so far.

Get This!

In Washington state, one of the few exchanges that does collect premium payments, slightly fewer than half of shoppers who selected a plan have sent a premium payment to that insurer: 67,200 paid customers versus 72,636 still awaiting payment.

3 million people have signed up for private health insurance through marketplaces - The Washington Post

 

[FLM2]

3 million have signed up so far.

Get This!

In Washington state, one of the few exchanges that does collect premium payments, slightly fewer than half of shoppers who selected a plan have sent a premium payment to that insurer: 67,200 paid customers versus 72,636 still awaiting payment.

3 million people have signed up for private health insurance through marketplaces - The Washington Post

Compare that to the 99% of my Off Exchange applicants who paid their premiums (1 is left but it was a List Bill and will be paid shortly) and it's a pretty good indication of where agents should focus their attention if they want to get paid.

 

[somarco]

How many were previously insured? How many came from risk pools or PCIP?

 

[FLM2]

How many were previously insured? How many came from risk pools or PCIP?

Virtually everyone was previously insured, I don't work with the previously uninsured unless they recently had coverage. I usually don't follow up with the uninsured beyond a first call and that usually makes them go away.

I think 4 were on PCIP, a bunch had single person group plans or very old grandfathered plans where the rates were skyhigh.

Everyone of them got either much better benefits or a lower rate, many got both.

My whole point is that there are plenty of people like this out there, an agent is far better off focusing their marketing efforts on a bigger case where you know you will get paid than chasing low income people with no insurance where there is no guarantee that you will get paid in a timely fashion.