People who reenrolled saved $54 per month on average by shopping and switching plans

According to a new report released today, in Ohio 79% of people who selected or were automatically enrolled in a 2016 plan through the Marketplace qualify for a tax credit with an average value of $244 per month, or about 59% of the pre-tax credit premium.

Moreover, HealthCare.gov users in Ohio are actively shopping and saving money on their 2016 Health Insurance Marketplace plans. In Ohio 54% of people who actively reenrolled in a Marketplace plan for 2016 switched to a different plan, saving an average of $54 per month ($648 per year) after tax credits.

“There are just 10 days left until the end of Open Enrollment for 2016 coverage and Ohio consumers should know that prices are affordable and it’s not too late to shop for the best plan,” said HHS Secretary Sylvia M. Burwell. “People coming to the Marketplace for coverage are active, engaged and shopping to save money.”

Today’s report looks at the individuals in Ohio who selected or were automatically enrolled in a plan through December 26, 2015. The vast majority of reenrollments were completed by December 18, 2015.

In Ohio 51% of people who signed up as of December 26 had the option of selecting a health insurance plan with a premium of $75 per month or less after tax credits. And 41% had the option of selecting a health insurance plan with a premium of $50 per month or less after tax credits. On average, people who are signed up for Marketplace coverage in Ohio as of December 26, 2015 are paying $173 per month on their premiums after tax credits.

To read today’s report, visit: https://aspe.hhs.gov/pdf-document/health-insurance-marketplaces-2016-average-premiums-after-advance-premium-tax-credits-38-states-using-healthcaregov-eligibility-and-enrollment-platform

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