However, the average price for individual insurance has been increasing each year. For 2019 the weighted average premium is $6,161.56, an increase of 6.3 percent, according to the Ohio Department of Insurance.
Not everyone will notice that increase. About 75 percent of marketplace enrollees can get their premiums subsidized based on their incomes. Some people are eligible for $0 premiums after tax credits are factored in, but those plans typically also come with higher deductibles.
Dayton-based CareSource is among insurers selling marketplace plans in Ohio and has been promoting that its plans — in contrast to many of the competing short-term plans — have all of the essential health benefits including prescription drug coverage, maternity care, mental health and substance use disorder services.
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The insurer had about 90,000 marketplace enrollees during last open enrollment season — a 40 percent increase from the previous cycle.
Steve Ringel, CareSource Ohio Market president, said the marketplace nationally will most likely see a slight decline compared to last year.
For CareSource, he said insurance company’s initial enrollment projections indicate there has been a greater increase in its marketplace members maintaining their current coverage.
“Based on the numbers we have seen so far we anticipate a strong enrollment finish this year,” he said in a statement.
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