Illinois Department of Insurance open enrollment continues through Jan. 31

 

From Illinois Business Journal news services

CHICAGO – The Illinois Department of Insurance says 480 Qualified Health Plans are available to Illinois residents through Get Covered Illinois and Healthcare.gov from now through Jan. 31, 2016.

The following insurers are offering plans on the Marketplace in 2016:
Aetna Health Inc.*
Celtic Insurance Co. *
Coventry Health & Life Insurance Co.
Coventry Health Care of Illinois, Inc.
Harkin Health Insurance Company (Midwest Security Life) *
Health Alliance Medical Plans, Inc.
Health Care Service Corporation, (Blue Cross Blue Shield)
Humana Health Plan, Inc.
Land of Lincoln Mutual Health Insurance Co.
United Healthcare of the Midwest, Inc.

Get Covered Illinois encourages all consumers to visit the Marketplace at getcovered.illinois.gov to review coverage options and learn whether they are eligible for financial assistance before opting to renew their current plan.

Individuals and families with income between 138 percent and 400 percent of the federal poverty level are eligible for subsidies on a sliding scale if they obtain coverage through the Marketplace.

“Having more options in the Marketplace is great news for Illinois residents, but consumers need to compare all plans available in their area to select the best fit for their budget and health conditions,” said Director of Public Education and Consumer Outreach Brian Gorman. “Several plans have lower premium costs paired with fewer hospital and provider choices, so it is more important than ever for consumers to carefully review all options.”

• Important remaining dates to remember:
o Jan. 15, 2016: Last day to enroll in or change plans for new coverage to start Feb. 1, 2016 (The deadline for Jan. 1 transitions has passed.)
o Jan. 31, 2016: 2016 Open Enrollment ends. Enrollments or changes between Jan. 16 and Jan. 31 take effect March 1, 2016

• Premium Rate Changes 2015 to 2016
o 5.3 percent average premium increase for the lowest cost Silver plans across the state
o Most counties experienced a 15 to 20 percent increase in the second lowest cost Silver plans
o 11 percent average premium increase for the lowest cost Bronze plans across the state
o Most counties experienced a 15 to 20 percent increase in the lowest cost Gold plans
o All Platinum plans were terminated

Get Covered Illinois has helped more than 970,000 Illinois residents obtain Marketplace and Medicaid health coverage during the first two years of the Affordable Care Act.

For further information, visit the Get Covered Illinois website at www.GetCoveredIllinos.gov or call 1 (866) 311-1119.