First ACA marketplace rate analysis

First ACA marketplace rate analysis

In CHRT’s first marketplace rate analysis brief, CHRT summarizes the plans that have been offered on the very first ACA individual marketplace, which lasted from October 1, 2013 to March 31, 2014. CHRT explains insurers and their offered plans, the process to enroll, cost to individual consumers, and financial assistance options. “Michigan was able to mount robust enrollment in the marketplace during the first open enrollment period,” the brief says. In the first open enrollment period, there were nine participating insurers—with Blue Cross Blue Shield of Michigan being the only insurer that offered marketplace coverage statewide—and 87 percent of first time enrollees were eligible for financial assistance.