With over 200,000 healthcare signups, Virginia has far surpassed its projected Affordable Care Act enrollment numbers, according to Avalere Health based on Congressional Budget Office numbers.
“You can safely say that we’ve had a good start – certainly a better finish – to the open enrollment period than was expected,” said Doug Gray, executive director of the Virginia Association of Health Plans.
In Virginia, individuals with incomes between 100 and 138 percent of the federal poverty level could qualify for a subsidized plan in the marketplace.
Insurance executives have acquired a number of reasons as to why their enrollment numbers have done so well. Jenna Stento, a senior manager at Avalere, said that the Virginia AIDS Drug Assistance Program – which offers HIV-related prescription drugs to low-income people in need – could be one of them.
As for the state’s future plans, insurance companies, specifically Anthem Blue Cross and Blue Shield and Optima Health, have requested premium increases between 8 and 9 percent.
Those premiums will be determined by the Virginia Bureau of Insurance and will affect the prospective healthcare signup numbers.