BY KATHRYN MAYER | MAY 21, 2014
Most (65 percent) of the 8 million consumers who enrolled in a health plan through PPACA’s exchanges chose a silver plan, according to government data. And virtually all of those enrollees (95 percent) qualified for a federal subsidy to help them pay for coverage.
Humana and Coventry — as well as the new co-ops — had the greatest percentage of their silver plan offerings priced competitively, according to the analysis. More than 60 percent of Humana’s silver plans included in the analysis were priced at or below the second-lowest cost silver plan in the region.
Overall, Blues plans have the largest number of competitively priced silver plans in the states analyzed, with 370 low cost silver options in 27 states.
“Securing enrollment in silver plans is critical for carriers establishing exchange market share,” said Elizabeth Carpenter, director at Avalere Health. “Looking ahead to 2015, we expect silver plans to remain the most popular given the link between the silver level and federal financial assistance, including tax credits and cost-sharing reductions.”