|Affordable Care Act exchanges|| |
|There will be more options for individual health plans in 2019 in local counties. || |
|Butler||Buckeye, CareSource, Anthem, Medical Mutual, Molina|
|Champaign||Buckeye, Medical Mutual, Molina|
|Clark||Buckeye, CareSource, Medical Mutual, Molina|
|Darke||Buckeye, Medical Mutual|
|Greene||Buckeye, Medical Mutual, CareSource, Molina|
|Miami||CareSource, Medical Mutual|
|Montgomery||Buckeye, CareSource, Medical Mutual, Molina|
|Preble||Buckeye, CareSource, Medical Mutual |
|Warren||Buckeye, CareSource, Anthem, Medical Mutual |
|Source: Ohio Department of Insurance|
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Most counties in the region will have more options to choose from next year, signaling the market is starting to stabilize.
In 2018, eight companies sold health insurance products on the exchange in Ohio and 42 counties had just one insurer with an additional 20 counties having only two.
But for next year, 10 companies have filed rates and forms for the department to review and all 88 counties will have at least one insurer. Preliminary filings show 16 counties with just one insurer and 33 counties with two.
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Miami County will have two insurance carriers next year selling individual plans instead of one. This year the only individual plan in the county — sold by CareSource — is not in-network with Upper Valley Medical Center, the only hospital in the county.
Molina and Medical Mutual are entering new counties and health insurance startup Oscar Health is expanding into the Columbus metro.
“I think what it tells me on the surface is that carriers are slightly more optimistic about what the exchange could offer,” said Scott McGohan, CEO of insurance benefits brokerage firm McGohan Brabender.
Costs of individual plans are still rising, though subsidies offset those spikes for some people.
For 2019 the weighted average premium is $6,161.56, an increase of 6.3 percent, according to the Ohio Department of Insurance.
Preliminary estimates had predicted the average premium in Ohio for individual plans would increase 8.2 percent for 2019, but that estimate has since changed.
In 2018, the weighted average premium for an individual plan was $5,798.83.
While the increase still outpaces employer-sponsored insurance, the rates are rising at a slower pace than last year when premiums rose an average of 34 percent.
About 11 percent of the increase was because the Ohio Department of Insurance required insurance companies to assume they would lose federal subsidies that help lower costs.