As Obamacare open enrollment comes to a close on Friday, a new survey reveals that more than a third of those purchasing the government healthcare plans who do not qualify for a subsidy are paying $1,000 or more in premiums each month.
The eHealth survey shows that unsubsidized consumers face radically different cost burdens than those receiving the government aid.
With a subsidy:
- 36 percent say that they are paying $100 or less per month for coverage.
- 75 percent say that they are paying $300 or less per month for coverage.
Without a subsidy:
- 36 percent say that they are paying $1,000 or more per month for coverage.
- 81 percent say that they are paying $500 or more per month for coverage.
Only 12 percent say they have enrolled in a plan where there is no premium at all, according to the data.
“People with subsidized coverage report that their biggest concern is paying their annual deductible (32 percent) rather than their monthly premiums (22 percent),” the survey explains. “Consumers not eligible for subsidies are more concerned about their ability to pay monthly premiums (43 percent) than for their annual deductible (17 percent).”
Even if Obamacare’s individual mandate is repealed, the survey found that a majority of consumers would still purchase health insurance. Seventy-seven percent of consumers without subsidies say they would still buy health insurance, and 65 percent of those who qualify for subsidies say they would purchase health insurance.
Surprisingly, more than half of the survey’s respondents said that they were unaware that Obamacare’s open enrollment ends this Friday.
“Our survey shows that even among consumers who are proactively shopping for new 2018 plans, a majority don’t know that this year’s open enrollment period is half the length of last year’s,” said Scott Flanders, CEO of eHealth. “It’s important that people get the message: This may be your last chance to enroll in 2018 health insurance coverage.”
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