Analysis Reveals Significant Differences Between ACA Plans And Non-Exchange Offerings.
Kaiser Health News (10/28/16) reports on the differences between individual plans sold on Affordable Care Act exchanges, and those sold off the exchanges. An analysis conducted by the Robert Wood Johnson Foundation found that on the exchanges, “silver plans, which pay for 70 percent of covered expenses on average, are by far the most popular, comprising about two-thirds of all plans,” followed by bronze plans at 16 percent, and gold and platinum plans at 12 percent. In contrast, just one-third of non-exchange plans are silver. An additional one-third “are bronze offerings that pay for 60 percent of expenses on average, while 25 percent are gold plans that pay for 80 percent of expenses or platinum plans that cover 90 percent.” Data also show exchange premiums for silver plans were lower at $279 per month on average compared to $314. Meanwhile, deductibles for silver plans offered on exchanges averaged $2,053, compared to $3,273 for off-exchange plans.