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47K Hoosiers Have Signed Up For Health Care Through Exchange

Posted On February 14, 2014

By Katlyn Reece

(Undated) – The U.S. Department of Health and Human Services Secretary Kathleen Sebelius announced that enrollment in the Health Insurance Marketplace continued to rise in January.

Nearly 3.3 million Americans enrolled in the Health Insurance Marketplace plans through the first four months of enrollment, which began October 1, 2013. Of those, 47,700 were Indiana residents.

Young adult enrollment grew by 65 percent in January. Young adult enrollment rose from under 500,000 to more than 800,000. All other age groups combined grew by 55 percent. The report shows that 81 percent of young adults from ages 18 to 34 selected plans at the silver level or higher.

“These encouraging trends show that more Americans are enrolling every day, and finding quality, affordable coverage in the Marketplace,” Secretary Sebelius said. “There is still plenty of time for you and your family to sign up in a private plan of your choice, so visit HealthCare.gov to learn more and sign up. Open enrollment ends March 31.”

Of the Americans who selected Marketplace plans from October 1, 2013, through February 1, 2014:

  • 55 percent are female and 45 percent are male;
  • 31 percent are age 34 and under;
  • 25 percent are between the ages of 18 and 34;
  • 62 percent selected a Silver plan, while 19 percent selected a Bronze plan; and
  • 82 percent selected a plan and are eligible to receive Financial Assistance, up from 79 percent during the October 1 through December 28, 2013 reporting period.

About 900,000 Indiana residents lack health insurance, according to the department. The enrollment period comes to an end on March 31st. After that, residents without healthcare coverage will pay a 95-dollar penalty or one-percent of their income.